A highly innovative firm operating in a competitive market will usually have
A) a permanent edge over its competitors.
B) a lack of ability to earn reasonable profits.
C) vast numbers of competitors catching up to its innovations.
D) some time before competitors catch up to its innovations.
Correct Answer:
Verified
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Q6: Market competition can provide _ for _,
A)
Q7: A public good is a good that
Q8: When it is costly or impossible to
Q9: The term "basic research" applies specifically to
Q11: In order for a good to be
Q12: If I'MSmartCo's research and development project succeeds,
Q13: Market competition may sometimes encourage a firm
Q14: If the research and development efforts of
Q15: Many economists would view market competition as
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