Final answer:
In a competitive setting with small economies of scale, innovating rapidly could be Oli's strategy, but a history of cutting prices and a respected brand name might suggest collaboration or price reductions.
Step-by-step explanation:
In a highly competitive setting where Oli operates, several strategic movements could be considered. Given the context provided, if an industry where economies of scale are very small relative to the market demand, option "a. Innovates rapidly" might be most appropriate since innovation can lead to differentiation and less direct competition. In contrast, a well-established reputation for "d. slashing prices" in response to new entry suggests that cutting prices could be a habitual strategy for Oli. Moreover, possessing a "e. well-respected brand name" that has been developed over time also opens up the opportunity for collaboration with competitors, as mutual respect could facilitate trust and partnership. However, expanding slowly may not be the best fit in a market that demands quick and agile responses to stay ahead of competition.