A highly innovative firm operating in a competitive market will usually have
A. a permanent edge over its competitors.
B. a lack of ability to earn reasonable profits.
C. vast numbers of competitors catching up to its innovations.
D. some time before competitors catch up to its innovations.
Answer:D
A highly innovative firm operating in a competitive market will usually have
A. a permanent edge over its competitors. B. a lack of ability to earn reasonable profits. C. vast numbers of competitors catching up to its innovations. D. some time before competitors catch up to its innovations.
Explanation: Type: Multiple Choice