Which market structure is most likely to have the means and some incentive to innovate?
A)oligopoly
B)pure monopoly
C)pure competition
D)monopolistic competition

Question

Quizplus · Accepted Answer

Oligopolies have the means to innovate due to their significant market power and resources, and they have some incentive to innovate to differentiate themselves from competitors and maintain or increase their market share.

Which Market Structure Is Most Likely to Have the Means