Part A) Flexibilty and Real options1) What is strategic flexibility? Why is it thought of as a third generic business level strategy?2) What are strategic options?3) What are real options? Part B1) What is collusion2) What are the two types of collusion and how are they different?3) How does signaling relate to collusion?Part C1) Deffine vertical integration and differentiate between forward vertical integration and backward vertical integration
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