Homework Help: Economics

Posted by Linda on Sunday, June 7, 2009 at 10:22pm.

If all the assumptions of perfect competition hold, why would firms in such an industry have little incentive to carry out technological change or much research and development? What conditions would encourage research and development in competitive industries?

Economics - Ms. Sue, Sunday, June 7, 2009 at 10:27pm
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http://www.investopedia.com/terms/p/perfectcompetition.asp

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