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
Correct Answer:

Verified
Correct Answer:
Verified
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