Final answer:
Reverse engineering is characteristic of fast-cycle markets, which contrasts with predatory pricing used by price predators to oust competition. (Option D).
Step-by-step explanation:
Reverse engineering is a concept where a company analyzes a product to determine how it is made so they can replicate or improve upon it in their own products.
It is characteristic of fast-cycle markets, where the ability to quickly imitate and innovate on existing products is a key competitive strategy.
This approach is different from predatory pricing, which involves setting prices specifically to drive competitors out of the market, sometimes selling products for less than the average variable cost. Predatory pricing tends to be a strategy used by price predators or market incumbents reacting to new competition.
Furthermore, it's distinct from the strategies employed by first movers, who capitalize on being the first to enter a market, or market leaders, who usually have a well-respected brand name or economies of scale that give them a competitive advantage. (Option D).