Which Choice Below Is an Argument That More Technological Change

question 78

Multiple Choice

Which choice below is an argument that more technological change occurs in more competitive market structures?

• A) Most large, oligopolistic firms such as AT&T have done a great deal of research.
• B) Oligopolistic firms earn the profits to pay for research; competitive firms do not.
• C) Small firms are too "lean and mean" to support any research and development.
• D) The "high-tech revolution" grew out of many tiny start-up operations.

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Definitions:

Future Income

Expected earnings or revenue that an individual or business anticipates receiving in the future.

Interest Rate

The percentage charged on the total amount of borrowed money or paid on saved or invested capital.

Interest Rate

The part of a loan that is taken as interest from the borrower, customarily presented as an annual percentage of the still unpaid loan.

Present Value

The current worth of a future sum of money or stream of cash flows, given a specific rate of return.