Multiple Choice
If the government determines that the private sector does not have sufficient incentive to carry out research and development, which of the following is likely to be a reasonable response?
A) government can use public funds to pay for the R&D activities directly.
B) setting up government-run laboratories to ensure public benefits arise from public funding.
C) direct all public R&D funding to colleges and universities to ensure public benefits arise from public funding.
D) ensure that firms are not entering cooperative ventures to lessen competition, as well as b and c above.
Correct Answer:
Verified
Correct Answer:
Verified
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