What are the incentives to innovate for a monopoly firm, Microeconomics

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What are the incentives to innovate for a monopoly firm

Problem

1. What are the incentives to innovate for a monopoly firm as compared with a firm in a competitive market if patent protection is not available?

2. Would you consider the fractional ownership jet taxi industry (NetJets, FlexJets, etc.) to be a contestable market? Why or why not?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What are the incentives to innovate for a monopoly firm

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