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:

Segregation

The enforced separation of different racial or social groups within a community or society.

Minority Group

A social group that is different from and often subordinate to the majority in terms of race, ethnicity, religion, or other characteristics.

Majority Population

The segment of the population that constitutes more than half of its total.

Racial Identity

An individual's awareness and experience of belonging to a specific racial group, including the personal and societal significance attached to these racial categorizations.