perfect competition

posted by .

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 condition would encourage research and development in competitive industries?

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. microeconomics - monopoly vs perfect competition

    hi, can sum1 help me? wats difference between monopoly and perfect competition?
  2. Economics

    In monopolistically competitive industries: a)competition is weak b)there is little range of choice over the product C)all firms are price makers d)there are more firms than in a oligopolistic industry
  3. Managerial Economics

    If all assumptions of perfect competition hold, why would firms in such an industry have a little incentive to carry out technological change or much research and development?
  4. Economics

    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?
  5. Mircoeconomics

    A significant difference between monopoly and perfect competition is that: A. free entry and exit is possible in a monopolized industry but impossible in a competitive industry. B. competitive firms control market supply but monopolies …
  6. Managerial Economics

    If all assumptions of perfect competition hold, why would firms in such industry have little incentive to carry out technological change
  7. Economics

    In a perfect competitive market, industry demand is P = 850 – 2Q, and industry supply is P = 250 + 4Q (supply is the sum of the marginal cost curves of the firms in the industry). Assume that all the firms collude to form a single …
  8. economics

    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?
  9. economics

    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?
  10. economics

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

More Similar Questions