When Firms Benefit from the Results of Research and Development

question 198

Multiple Choice

When firms benefit from the results of research and development they didn't pay for,we say firms

• A)are litigious.
• B)free ride.
• C)invest in knowledge capital.
• D)maintain a level playing field.

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Definitions:

Median

The middle value in a list of numbers arranged in ascending order, or the average of the two middle numbers if the list has an even number of items.

Central Location

A central or typical value for a probability distribution, often represented by the mean, median, or mode.

Measure

A quantitative indication or estimation of a variable's extent, size, amount, or degree.

Histogram

A graphical representation of the distribution of numerical data, often showing bins or intervals and the count of observations within each.