Which market structure offers little incentive to engage in R&D?
A) oligopoly
B) pure monopoly
C) conglomerates
D) monopolistic competition

Name: Which market structure offers little incentive to engage in R&D? A) oligopoly B) pure monopoly C) conglomerates D) monopolistic competition
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Question

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In a pure monopoly, there is only one producer and seller of a good or service, with no close substitutes, leading to little incentive to engage in research and development as there is no competition.

Which Market Structure Offers Little Incentive to Engage in R&D