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It is possible that more research and new product development may occur in an oligopolistic industry ...

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It is possible that more research and new product development may occur in an oligopolistic industry ...

It is possible that more research and new product development may occur in an oligopolistic industry than in a purely competitive industry or a monopolistically competitive industry because
A) oligopolists are under more intense competitive pressure.
B) oligopolists sometimes earn economic profits which can be used to finance these activities.
C) oligopolists are motivated less by profits and more by a desire to develop better products.
D) there is no reason for purely competitive firms or monopolistically competitive firms to be concerned about research or product development.
E) oligopolists are more concerned with service to society, while monopolistically competitive firms and competitive firms are more concerned with maximizing profit.

Textbook

Introduction to Economic Reasoning

Edition: 8^th

Author: Rohlf

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sgy_89 Author

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7 years ago

Smart ... Thanks!

kc123

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Yesterday

Thank you, thank you, thank you!

homework1

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2 hours ago

Correct

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