Why are monopolies dynamically efficient?

Monopolies generate economic profit and are therefore better able to invest in research & development which may improve their productive effiency, making them more dynamically efficient over time. 

ZA

Related Economics A Level answers

All answers ▸

Does economic growth lead to economic development?


What is the best market structure?


What is the difference between Microeconomics and Macroeconomics?


What would be effect on the price of oil due to an increase in cars used in the UK