Multiple Choice
Considering the incentives for the private market to conduct research and development, we expect that the amount of research and development conducted by the private sector would be _____ the efficient level because of the _____ property of new knowledge.
A) equal to; rivalrous
B) less than; nonrivalrous
C) more than; rivalrous
D) more than; nonrivalrous
Correct Answer:

Verified
Correct Answer:
Verified
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