Homework answers / question archive / What effect might market power have on technological change? Market power results in A

What effect might market power have on technological change? Market power results in A

Marketing

Share With

What effect might market power have on technological change?

Market power results in

A. economic efficiency, which eliminates the need for new technology.

B. no barriers to entry, allowing new firms to begin producing technologically-improved substitutes.

C. marginal-cost pricing, leaving no resources with which to invest in new technology.

D. economic profits that can be spent on research to develop new products.

E. economic profits, leaving no incentive to develop new products.