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Whitepunk [10]
2 years ago
14

Describe what happens to Innovation in a monopoly:

Social Studies
1 answer:
Snezhnost [94]2 years ago
6 0

Theoretically, a monopolist has as much incentive to produce innovative products as a bunch of smaller, competing firms do. ... Giving the incumbent a monopoly in order to increase its incentive to innovate likely means locking out other firms that are willing and able to produce superior innovations for much less money.

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