If average economic profits from investment in innovation are close to zero, why would many people be

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If average economic profits from investment in innovation are close to zero, why would many people be anxious to invest in innovation?

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Economics Principles and Policy

ISBN: 978-0538453653

12th edition

Authors: William J. Baumol, Alan S. Blinder

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Question Posted: Apr 12, 2016 07:17 AM

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If average economic profits from investment in innovation are close to zero, why would many people be

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For the reasons outlined in questions 4 and 5 In many markets the first firm to int...View the full answer

Economics Principles and Policy

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