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Besides market structure, another factor that seems to influence the level of R&D spending in an industry is the
A) number of firms in the industry.
B) length of time for government patents.
C) scientific character of the industry.
D) imitation problem in the industry.
R&D Spending
Expenditures dedicated to research and development activities with the aim of creating new technologies, products, or processes.
Market Structure
The organizational and other characteristics of a market that influence the behavior of participants and the nature of competition.
Government Patents
Legal rights granted by the government to inventors for their inventions, giving them an exclusive right to use, make, and sell the invention for a certain period.
- Identify factors influencing the level of R&D spending in industries.
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Learning Objectives
- Identify factors influencing the level of R&D spending in industries.
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