Using Anwar Shaikh's explanation of 'real competition' (see Capitalism, Competition, Conflict, Crisis, chapter 8) assess the importance of the interaction between government and car manufacturers for the transition to electric vehicles in the global car industry. What does your analysis suggest for a theoretical understanding of the firm and the state in the development of innovation and competition for business strategy?

Case study: Climate change and the car industry

please mention 12 reference and explain it in details

Answer rating: 100% (QA)

Theoretical Framework 1 Neoclassical Economics and Market Failure Neoclassical economics suggests that markets are generally efficient when left alone but they may fail to allocate resources optimally ... View the full answer