Which Market Structure Offers Little Incentive to Engage in R&D

question 40

Multiple Choice

Which market structure offers little incentive to engage in R&D?

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

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Definitions:

Cannibalize

In business, refers to a situation where a company's new product or service takes away sales from its existing offerings.

Highly Innovative

Refers to organizations or individuals that exhibit a strong capacity for creativity, leading to groundbreaking ideas and products.

Mission Statements

Formal summaries of the aims and values of a company, organization, or individual, guiding its decision-making and path forward.

Organizational Goals

The objectives or desired outcomes that an organization aims to achieve over a specific period, guiding its strategic decisions and actions.