Asked by
VICTOR BERRUM
on Nov 05, 2024
Verified
Evidence shows that firms in more highly concentrated industries spend more on R&D than firms in less concentrated industries.
Concentrated Industries
Industries in which a small number of companies hold a large market share, resulting in reduced competition.
R&D
Research and Development: Activities in connection with corporate or governmental innovation.
- Comprehend the relationship between industry concentration and research & development (R&D) expenditures.
Verified Answer
OG
Learning Objectives
- Comprehend the relationship between industry concentration and research & development (R&D) expenditures.
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