Which choice below is an argument that more technological change occurs in more competitive market structures?
A) Most large, oligopolistic firms such as AT&T have done a great deal of research.
B) Oligopolistic firms earn the profits to pay for research; competitive firms do not.
C) Small firms are too "lean and mean" to support any research and development.
D) The "high-tech revolution" grew out of many tiny start-up operations.

Question

Quizplus · Accepted Answer

The "high-tech revolution" is often attributed to innovation and rapid technological change stemming from small, agile start-up companies. These companies, operating in competitive markets, are more likely to innovate to gain a competitive edge, illustrating how more technological change can occur in more competitive market structures.

Which Choice Below Is an Argument That More Technological Change