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How Can a Government Reduce the Private Marginal Cost of Research

Question 42

Multiple Choice

How can a government reduce the private marginal cost of research and development for a firm? I. Offer the firm tax breaks for research and development expenses. II. Subsidize the firm's research and development process. III. Lower the social benefits of research and development.


A) I only
B) I and II only
C) III only
D) I, II, and III

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