Monopolys high market power enhances research-development

Reference no: EM13693892

Some economists argue that a monopoly’s high market power enhances research and development. However, a good argument against that could be:

a. Monopolies cannot afford basic research.

b. A monopoly may have no clear incentive to pursue new research and development.

c. No one has attempted to gather any evidence on this subject.

d. A monopoly would not have a research and development program.

Reference no: EM13693892

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