Those who contend that oligopolists are likely than more competitive firms to engage in R and D say that?

Those who argue that oligopolists are more likely to engage in R&D than firms in more competitive markets suggest that oligopolists have greater financial resources and the ability to invest in long-term innovation. They also face less price competition, allowing them to focus on developing new products or technologies to gain a competitive edge. Furthermore, the potential for significant market share gains from successful innovations can incentivize oligopolists to invest heavily in research and development.