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Identify the Externality That Arises When Basic Research Leads to New

question 58

Essay

Identify the externality that arises when basic research leads to new general knowledge. Is the externality positive or negative?


Definitions:

Capital Equipment

Large, long-term investments in goods or machinery used by a business to produce goods or services.

Sentence Length

The number of words or characters constituting a sentence, influencing readability and style in written communication.

Word Selection

The careful and deliberate choice of words to convey a specific message, tone, or effect efficiently.

Active Voice

A sentence structure where the subject performs the action of the verb, emphasizing the doer of the action.

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