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What are the incentives to innovate for a monopoly firm as compared with a firm in a competitive market if patent protection is not available?
A monopoly firm has greater incentives to innovate compared to a firm in a competitive market because it can capture the full economic returns from its innovations, resulting in higher profits. With no competition, the monopoly can recoup its investment in research and development without the fear of losing market share. In contrast, firms in a competitive market may have limited incentives to innovate, as any gains from innovation can be quickly eroded by competitors who can replicate the innovation and drive prices down. As a result, the monopoly's ability to maintain its market power makes innovation more appealing in the absence of patent protection.
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Where can one check the prices for Ford Fusion?
Prices for the Ford Fusion are best compared by visiting local Ford dealerships, and comparing what is available, along with any incentives or discounts that may be available.
It is anything that a firm does especially well compared to rival firms?
competitive advantage
How competitive is RACV insurance compared to other companies in Victoria?
RACV does its best to provide competitive pricing compared to other insurance companies in Victoria. They also provide a broad range of various automotive and travel services to their members.
What is the price comparison between solar energy and fossil fuels?
The price of solar energy has been decreasing in recent years and is now competitive with fossil fuels in many regions. Solar energy costs have dropped significantly due to technological advancements and government incentives, making it a more cost-effective option compared to fossil fuels in some cases.
Why is Europcar able to offer such competitive prices compared to other car rental companies?
Europcar is able to offer competitive prices compared to other car rental companies due to their large fleet size, efficient operations, and strategic partnerships with suppliers. These factors allow Europcar to lower their costs and pass on the savings to customers through competitive pricing.
How much does Greg James earn a month?
He makes a competitive salary compared to everyone else in the business.
How does one compare different cars?
Cars can be compared by their brands, when they are made, their models and their color. They can also be compared their prices, available engines and available transmissions.
What are some of the most competitive rates for a company loan?
The most competitive APR representitive rates for a company loan are as low as 5.0%, companies that provide competitive rates can also be found and compared via services, such as Compare the Market and Money Supermarket.
What are advantages of client server?
File protection and security compared to peer to peer.
Are mortgage rates from The Woolwich brand competitive?
The Woolwich brand has the most competitive mortgage rates on the market compared to financial institutions like Chase. They are not very well known, but they have the lowest rates out there.
Does Titan Insurance have competitive rates and plans?
Yes Titan insurance has competitive rates and plans when compared to most insurers, as with everything though they can be beat. This company is however a very reputable one.
What is the best hotel price finder tool available for finding the most affordable accommodations?
One of the best hotel price finder tools for finding affordable accommodations is Booking.com. It offers a wide range of options and often has competitive prices compared to other platforms.
