Dominant firms tend to lag in innovation because
A) of the sunk cost effect.
B) entrepreneurs are found in smaller firms.
C) they are usually focused on market share.
D) all of these choices.
D
Economics
You might also like to view...
The actual budget deficit is equal to the
A) structural deficit minus the cyclical deficit. B) structural deficit plus the cyclical deficit. C) cyclical deficit minus the structural deficit. D) cyclical deficit. E) structural deficit.
Economics
Which of the following shifts the supply curve for good X leftward?
A) a situation in which quantity demanded exceeds quantity supplied B) an increase in the cost of the machinery used to produce X C) a technological advance in the production of X D) a decrease in the wages of workers employed to produce X
Economics