Multiple Choice
What is the nature of the positive externality associated with research and development (R&D) ?
A) Firms that engage in R&D may develop more profitable products.
B) Firms that engage in R&D may be able to lower their production costs.
C) R&D may lead to discoveries that make other firms more innovative.
D) Firms that engage in R&D tend to pay higher stock dividends.
Correct Answer:
Verified
Correct Answer:
Verified
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