Oligopolists have more incentive to undertake research and development than monopolists.

Name: Oligopolists have more incentive to undertake research and development than monopolists.
Brand: Quizplus
Rating: 4.9 (47 reviews)

Question

Quizplus · Accepted Answer

Oligopolists face competition from a few other firms, which can drive them to innovate and improve their products to gain a competitive edge, whereas monopolists have less competitive pressure to innovate since they are the sole provider in the market.

Oligopolists Have More Incentive to Undertake Research and Development Than