When the market for standalone global positioning system (gps) devices declined with the arrival of gps-enabled mobile phones, magnet inc., a manufacturer of gps devices, bought out most of its rivals that were planning to exit. this allowed the company to get rid of all the excess capacity and acquire a monopolistic market power in the declining industry. which of the following strategies has magnet adopted in this scenario?
harvest strategy
maintain strategy
consolidation strategy
differentiation strategy
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