The general view of economists is that a pure monopoly will not be technologically progressive.

Name: The general view of economists is that a pure monopoly will not be technologically progressive.
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Question

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Economists believe that pure monopolies lack competition and have no incentive to innovate or improve their technology because they have no threats from competitors. Therefore, they tend to be less technologically progressive compared to firms operating in competitive markets.

The General View of Economists Is That a Pure Monopoly