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sasho [114]
3 years ago
9

What is the connection between competition and innovation?

History
2 answers:
malfutka [58]3 years ago
4 0

Answer:A growth model is developed in which competition may increase the incremental profit from innovating; on the other hand, competition may also reduce innovation incentives for laggards. There are four key predictions. First, the relationship between product market competition (PMC) and innovation is an inverted U-shape.

Explanation:

kipiarov [429]3 years ago
3 0
A growth model is developed in which competition may increase the incremental profit from innovating; on the other hand, competition may also reduce innovation incentives for laggards. There are four key predictions. First, the relationship between product market competition (PMC) and innovation is an inverted U-shape.
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