The Argument That Concentration of Market Power Enhances Research and Development

question 34

Multiple Choice

The argument that concentration of market power enhances research and development efforts may be weak because

• A)Monopolies cannot afford basic research.
• B)A monopoly may have no clear incentive to pursue new research and development.
• C)No one has attempted to gather any empirical evidence.
• D)No existing monopoly has a research and development program.

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Definitions:

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The methods and procedures involved in the operation of government and the enactment of policy, including election campaigns, legislative proceedings, and public administration.

Arbitrary and Capricious Terms

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Seeds that have been altered using genetic engineering techniques to possess specific traits, such as resistance to pests or herbicides.