Development and innovation occur in the oligopolistic market
Problem: Many economists argue that more research, development and innovation occur in the oligopolistic market structure than in any other. Why?
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Many economists argue that more research, development and innovation occur in the oligopolistic market structure than in any other. Why?
This situation is possible particularly for firms with high fixed capital costs. The long run price must cover out of pocket costs such as labour, materials, equipment, taxes, and other expense, along with opportunity costs such as competitive ret
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What is the total fixed cost for the El Dorado Star? If total fixed cost increases to $5000, how many papers should be printed and sold in the short run? What should the owners of the Star do in the long run?
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