25. Oligopoly is probably the best market for technological change because: Research and development occurs only if government subsidizes such? activity, and government tends to subsidize oligopolies. The typical oligopoly keeps price very close to average total cost because it fears the entry of new rivals if its profits are excessively high. The typical oligopoly lacks the funds to carry out research and development and therefore will use basic research from universities. The typical oligopoly has the funds to carry out research and development and believe that its competitors are innovating, which motivates it to conduct research and development

25. Oligopoly is probably the best market for technological change because:
Research and development occurs only if government subsidizes such? activity, and government tends to subsidize oligopolies.
The typical oligopoly keeps price very close to average total cost because it fears the entry of new rivals if its profits are excessively high.
The typical oligopoly lacks the funds to carry out research and development and therefore will use basic research from universities.
The typical oligopoly has the funds to carry out research and development and believe that its competitors are innovating, which motivates it to conduct research and development

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