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Author Question: Which choice below is an argument that more technological change occurs in more competitive market structures? (Read 92 times)

Alygatorr01285

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on: Apr 19, 2019

Question 1

The economist Joseph Schumpeter argued that industrial concentration, in which a relatively small number of firms control the market place, actually ________ the rate of ________.


◦ increased; market competitiveness
◦ increased; technological advance
◦ decreased; market competitiveness
◦ decreased; technological advance

Question 2

Which choice below is an argument that more technological change occurs in more competitive market structures?


◦ Most large, oligopolistic firms such as AT&T have done a great deal of research.
◦ Oligopolistic firms earn the profits to pay for research; competitive firms do not.
◦ Small firms are too "lean and mean" to support any research and development.
◦ The "high-tech revolution" grew out of many tiny start-up operations.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Alygatorr01285 on Apr 19, 2019

Chou

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Reply #1 on: Apr 19, 2019
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Alygatorr01285

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Reply #2 on: Apr 19, 2019
Excellent


Chou

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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