Those Who Contend That Oligopolists Are Less Likely Than More

question 37

Multiple Choice

Those who contend that oligopolists are less likely than more competitive firms to engage in R&D say that

• A)oligopolists have little incentive to introduce costly new technology and produce new products when they currently are earning large economic profit using existing technology and selling existing products.
• B)the undistributed profits of oligopolists give them a source of readily available, relatively low-cost funds for financing R&D.
• C)entry barriers enable oligopolists to sustain the profits they gain from innovation.
• D)the large size of oligopolists' R&D departments allows them to use very specialized, expensive R&D equipment and employ teams of specialized researchers.

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Definitions:

Outcomes

The results or effects of an action, situation, or event, often used to evaluate the effectiveness or impact of an intervention.

William James

An American philosopher and psychologist, often referred to as the "Father of American psychology," known for his contributions to pragmatism and functionalism.

The "Me"

The part of an individual's self-concept that is based on self-reflection and how others perceive them.

Ego Depletion

A state of diminished capacity to exercise self-control or focus, following a period of exertion in using one's self-control.