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Explain whether a perfectly competitive firm would or would not innovate. Discuss the following statement: In the real world there is no industry which conforms
- Explain whether a perfectly competitive firm would or would not innovate.
- Discuss the following statement: "In the real world there is no industry which conforms precisely to the economist's model of perfect competition. This means that the model is of little practical value".
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Microeconomics
Authors: David Laibson, John List
Global Edition 1st Edition
1292079576, 978-1292079578
