Evidence generally suggests that oligopolies inhibit technological advances.

Name: Evidence generally suggests that oligopolies inhibit technological advances.
Brand: Quizplus
Rating: 4.8 (27 reviews)

Question

Quizplus · Accepted Answer

Oligopolies often have the resources and incentives to invest in research and development, leading to technological advances. They can afford to take risks on new technologies and have a strong motivation to innovate in order to gain a competitive edge over rivals.

Evidence Generally Suggests That Oligopolies Inhibit Technological Advances