Illustrate what condition would encourage research

Reference no: EM1347755

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? Illustrate what condition would encourage research and development in competitive industries?

Reference no: EM1347755

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Illustrate what condition would encourage research : 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. Illustrate what condition would encourage research and development in..

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