Which market structure offers little incentive to engage in R&D?
A)oligopoly
B)pure monopoly
C)conglomerates
D)monopolistic competition

Name: Which market structure offers little incentive to engage in R&D? A)oligopoly B)pure monopoly C)conglomerates D)monopolistic competition
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Question

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Pure monopolies have little incentive to engage in research and development (R&D) because they face no competition and therefore have less motivation to innovate or improve their products or services.

Which Market Structure Offers Little Incentive to Engage in R&D