Answer to Question #68041 in Macroeconomics for holly

Question #68041
does innovation cause a firm in perfectly competitive market to hire more workers?
1
Expert's answer
2017-05-05T09:38:09-0400
Yes, it does. Because in a competitive markets there are many firms, therefore to succeed firms have to hire more workers to attract customers through innovation and developing better services/products offering more variety and choice.

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