Because of the Kind of Externalities That Tend to Be

question 124

Multiple Choice

Because of the kind of externalities that tend to be generated from general R&D resources bought by firms, the equilibrium price of R&D:

• A) is above the optimal level, and quantity is below the optimal level.
• B) is below the optimal level, and quantity is above the optimal level.
• C) and quantity of R&D are both above the optimal level.
• D) and quantity of R&D are both below the optimal level.
• E) must fall in order for the market to reach equilibrium.

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Definitions:

Strategic Plans

Documents or frameworks that outline an organization's long-term goals and the actions needed to achieve them, taking into account external and internal environments.

Action Directions

Strategic or operational steps taken by an organization to achieve its goals, often involving specific tasks, resources, and timelines.

Comprehensive

Involving or covering all or nearly all elements or aspects of something, often detailed and thorough.

Project Schedules

Are single-use plans for accomplishing a specific major project.