Those Who Contend That Oligopolists Are Less Likely Than More

question 53

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.

Become familiar with the steps and considerations involved in the managerial decision-making process.

Understand the concept of employee empowerment and its significance in modern organizational management.

Identify the skills and qualities important for effective management, including analytical, technical, and conceptual skills.

Recognize the importance of networking, both within and outside the organization, for effective management.