If all the assumptions of perfect competition hold why, Microeconomics

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If all the assumptions of perfect competition hold why

If all the assumptions of perfect competition hold, why would firms in such an industry have little incentive to carry out technological change or much research and development? What conditions would encourage research and development in competitive industries?

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Microeconomics: If all the assumptions of perfect competition hold why

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Microeconomics: If all the assumptions of perfect competition hold why

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