Which sequence correctly orders entry types from earliest to latest action?

Which sequence correctly orders entry types from earliest to latest action?

• A. First mover, Late mover, Second mover.
• B. Second mover, First mover, Late mover.
• C. First mover, Second mover, Late mover.
• D. Late mover, Second mover, First mover.

Answer: (C)

The main idea here is about the timing of entering a market. The earliest entrant is the first mover, who starts the race by entering before anyone else. The next entrant is the second mover, who waits until the first mover has already started but still enters relatively early. The last to enter is the late mover, who enters after both the first and second movers have already been in the market and may learn from their experiences. So the sequence from earliest to latest action is first mover, then second mover, then late mover. Any order that places the late mover before the first mover would contradict the timing, since someone who enters last cannot be earlier than someone who enters first.

The main idea here is about the timing of entering a market. The earliest entrant is the first mover, who starts the race by entering before anyone else. The next entrant is the second mover, who waits until the first mover has already started but still enters relatively early. The last to enter is the late mover, who enters after both the first and second movers have already been in the market and may learn from their experiences.

So the sequence from earliest to latest action is first mover, then second mover, then late mover. Any order that places the late mover before the first mover would contradict the timing, since someone who enters last cannot be earlier than someone who enters first.