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tuggy tuggy
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6 years ago
Which of the following statements is true of a perfectly competitive market?
A) Innovation is less likely in a competitive market because of free entry and exit of firms.
B) Innovation is likely in a competitive market because of free entry and exit of firms.
C) The firms in a competitive market invest more in R&D because they face an inelastic demand curve.
D) The firms in a competitive market invest more in R&D because their demand for resources is perfectly elastic.
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Microeconomics

Microeconomics


Edition: 1st
Authors:
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SimplemanSimpleman
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#1
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6 years ago
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tuggy Author
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6 years ago
This calls for a celebration Person Raising Both Hands in Celebration
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This helped my grade so much Perfect
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Good timing, thanks!
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