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Those who contend that oligopolists are less likely than more competitive firms to engage in R&D say that:
A. entry barriers enable oligopolists to sustain the profits they gain from innovation.
B. Oligopolists have little incentive to introduce costly new technology and produce new products when they currently are earning large economic profit using existing technology and selling existing products.
C. the large size of oligopolists' R&D departments allow them to use very specialized, expensive R&D equipment and employ teams of specialized researchers.
D. the undistributed profits of oligopolists give them a source of readily available, relatively low cost funds for financing R & D.
Your local bank is reluctant to lend to you as you basically have a large mortgage loan on the property on which the hospital complex lies.
Bridget has limited income and consumes only wine and cheese; her current consumption choice is four bottles of wine and 10 pounds of cheese.
Explain how can you avoid the weakening dollar due to its depreciation as a result of inflation by weakening the economy by raising interest rates.
In Gelate, Pennsylvania, the market for compact discs has evolved as follows. There are two firms that each use a marquee to post the price they charge for compact discs.
Illustrate What would happen if prices were lowered when demand was inelastic
Assume that your firm above is the N.Y. Yankees and the league owners impose a lump sum tax of $4 million dollars on your firm.
Among which of these methods of encouraging growth would you suggest to a newly industrialized economy.
Approx the marketplace demand curve and figure the existing Price elasticity of demand
Elucidate price every ride must the public transportation authority charge to eliminate the deficit if it cannot reduce costs
Suppose you are running a photo copy center that makes illegal copies of the textbook. An illegal copy of the book sells for $10 and you only have one copy machine.
Illustrate what are the short-term and long-term implications of states disagreeing on recognizing marriages performed in other states.
Illustrate what has happened to the price and quantity of the substitutes and complimentary goods/ services for your selected product over the last year.
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