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Fast-Second Strategies
A business approach where companies quickly follow pioneers in a new market or technology, leveraging the groundwork laid by the first movers.
Dominant Firms
Refers to companies that have a major share of the market and significant influence over the prices and availability of products or services.
Start-Up Firms
Newly established businesses often characterized by innovation, scalability, and high growth potential.
Marginal Utility
The additional satisfaction or utility gained from consuming one more unit of a good or service.
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