Examlex
What does 50 percent of what a student learns about innovative technology in their freshman year of college become by their senior year?
Industry Concentration
A measurement of the extent to which a small number of firms dominate the total output, sales, or employment of an industry.
R&D Expenditures
Research and Development Expenditures pertain to the funds allocated by businesses or governments towards the research and development of new products, services, or technologies.
Inverted-U Theory
The idea that, other things equal, R&D expenditures as a percentage of sales rise with industry concentration, reach a peak at a four-firm concentration ratio of about 50 percent, and then fall as the ratio further increases.
Interest-Rate Cost
The cost associated with borrowing funds, typically expressed as a percentage of the total amount loaned.
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