Encourage research and development in competitive industries

Assignment Help Business Economics
Reference no: EM13996115

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?

Reference no: EM13996115

Questions Cloud

Why are sn1 reactions not considered stereospecifc : Why are SN1 reactions not considered stereospecifc, in contrast with SN2 reactions?
Faced by a firm in oligopolistic competition : Describe the demand and marginal revenue curves faced by a firm in a purely competitive market. Are they different from those faced by a firm in oligopolistic competition? If so, why?
Experienced substantial decrease in the amount of garbage : Many cities have experienced a substantial decrease in the amount of garbage being collected after they changed from levying a tax on each household to pay for the pickup to charging a fee for each bag or can picked up. Would this have been the resul..
Would this investment be classified on florists : Would this investment be classified on Florists' balance sheet as held-to-maturity securities, trading securities, available-for-sale securities, significant-influence investments, or other? Explain.
Encourage research and development in competitive industries : 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 ..
Prepare the appropriate journal entry : Prepare the appropriate 2011 journal entry to record insurance expense and the increase in the investment assuming the cash surrender value of the policy increased according to the contract to $27,000.
Ford corporation owns a whole life insurance policy : Petroleum Corporation received a $250,000 life insurance settlement when its CEO died. At that time, the cash surrender value was $16,000.
About the policies and politics : "There is no difference between demand pull and cost push inflation since either will result in inflation." Do you agree? Why or why not? Be specific and limit your response to one paragraph.
Bloom classifies their investment as htm : Bloom does not plan to sell the Taylor bonds prior to maturity, and does not believe it is more likely than not that it will have to sell the Taylor bonds before the bonds have a chance to recover their fair value. Bloom attributes the entire $400,00..

Reviews

Write a Review

Business Economics Questions & Answers

  Single price profit maximizing strategy

Explain a pricing strategy which would increase profits compared to a single price profit maximizing strategy. Be sure to include a graph which explains your demand, marginal revenue, and marginal cost.

  How would you recover from this service crisis

Suppose you were manager of restaurant and you were told honestly that a couple eating dinner has just seen a mouse, what would you say to them, how would you recover from this service crisis.

  Q1 thomas schelling and expert on nuclear strategy and arms

q1. thomas schelling and expert on nuclear strategy and arms control observed in his book the strategy of conflict

  Technological change shifts long-run aggregate-supply curve

If technological change shifts the long-run aggregate-supply curve to the right, it will also do which of the following?

  Income elasticity of demand for your firms product

The income elasticity of demand for your firm’s product is estimated to be 0.75. A recent report in The Wall Street Journal says that national income is expected to decline by 3 percent this year. What should you do with your stock of inventories?

  Illustrate what actions would you take if the hypothesis

what actions would you take to test the hypothesis. Following your test illustrate what actions would you take if the hypothesis must be rejected given the outcome of the test.

  Explain why is the supply of physicians is a major cause

Explain why is the supply of physicians a major cause of concern. What is the quintity of aprtments demaneded, and what is the quanitity of apartments supplied.

  Research one case of trade restriction-implemented by nation

Research one case of trade restriction, implemented by any nation. Research your topic, using at least 2 sources, and write a brief report (approximately 2 pages) on your findings.

  Effort to avoid the adverse selection death spiral

In an effort to avoid the adverse selection death spiral, a private health insurer offers two health insurance policies: one that is intended for those who are more likely to require expensive treatment (and therefore charges a higher premium) and on..

  What are best practices for managing employee performance

Employee evaluations require a strong set of job descriptions, as well as a proactive communication system from managers who give timely feedback to their employees about performance issues as they arise. What should this kind of evaluation system lo..

  Perspective on values makes sense

Talk about six economies of worth, or sets of values, that we prioritize differently. Although we may not always prioritize our values the same way in different situations, I'd like to think about how you would rank these six economies of worth for y..

  Include any important points or conversions

Make sure to include any important points or conversions. Please provide a copy of the article when turning in the paper so it can be reviewed.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd