(Solution) - Suppose a firm is considering investing in research that would -(2025 Original AI-Free Solution)

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Suppose a firm is considering investing in research that would lead to a cost-saving innovation. Assuming the firm can retain this innovation solely for its own use, will the additional profits from the lower (marginal) cost be greater if the firm is a monopolist or competes against another, say, in a Cournot or Bertrand model?