Does an individual perfectly competitive rm have any incentive to invest in research and development? You may assume that the market remains perfectly competitive both before and after the research and development and therefore all the assumptions of peract competition will _h__Ql_c_l_ at _a__ll_ times Please give an explanation. The United States Postal Service (USPS) has a constitutionally guaranteed monopoly on first class mail (mailing an envelope for $0. 5 5). The monopoly exists to this day. Why hasn 't this monopoly enabled the USPS to earn profits (they currently lose a few billion dollars every year)? Please give an explanation