Which Two Market Structures Have a Strong Need to Innovate

question 112

Multiple Choice

Which two market structures have a strong need to innovate but have low expected returns on R&D expenditures?

• A)monopoly and oligopoly
• B)oligopoly and pure competition
• C)monopoly and monopolistic competition
• D)monopolistic competition and pure competition

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Definitions:

Dependent Variable

The outcome variable in a study, experiment, or statistical model that is influenced or predicted by another variable (or variables).

Multiple Regression Model

An analysis technique in statistics that employs numerous independent variables to forecast the result of a target variable.

Coefficient of Determination

A statistical measure, often denoted as R^2, that represents the proportion of the variance for a dependent variable that's explained by an independent variable or variables in a regression model.

Sample Size

The number of observations or data points collected in a sample from a population.