Multiple Choice
Other things equal, the prospect of imitation by others
A) decreases the expected rate of return on R&D expenditures.
B) increases the expected rate of return on R&D expenditures.
C) increases the interest-rate cost of funds used to finance R&D expenditures.
D) decreases the interest-rate cost of funds used to finance R&D expenditures.
Correct Answer:
Verified
Correct Answer:
Verified
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