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Those who argue that oligopolists are more likely to engage in R&D than firms in more competitive markets suggest that oligopolists have greater financial resources and the ability to invest in long-term innovation. They also face less price competition, allowing them to focus on developing new products or technologies to gain a competitive edge. Furthermore, the potential for significant market share gains from successful innovations can incentivize oligopolists to invest heavily in research and development.

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2mo ago

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Is service and quality likely to be better in an industry dominated by a monopoly or in a perfectly competitive industryWhy?

in a perfectly competitive industry


What is the relationship between start up costs and a competitive market?

markets with high start-up costs are less likely to be perfectly competitive.


Would the management of a firm in a oligopoly or in a competitive industry be more likely to engage in what might be called socially conscious practices explain reasons?

Management in a competitive industry is generally more likely to engage in socially conscious practices compared to firms in an oligopoly. In competitive markets, firms must differentiate themselves to attract customers, and socially responsible practices can enhance their brand image and customer loyalty. Conversely, firms in an oligopoly may prioritize profit maximization and market control, focusing less on social responsibility since their market power can insulate them from competition-driven pressures. Additionally, the potential for collusion in oligopolistic markets can lead to less emphasis on socially responsible behavior as firms may prioritize maintaining their market positions over addressing social concerns.


What business or industry is most likely to be found in a perfectly competitive market?

the adult film industry


Compare the quantity and price of an oligopoly to those of a competitive market?

At profit maximization, marginal cost equals marginal revenue. Price will be higher than marginal cost.

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Would the management of a firm in a oligopoly or in a competitive industry be more likely to engage in what might be called socially conscious practices explain reasons?

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What business or industry is most likely to be found in a perfectly competitive market?

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