As It Relates to R&D, the Imitation Problem Is That

question 115

Multiple Choice

As it relates to R&D, the imitation problem is that

• A) patents, copyrights, and trademarks hinder imitation and thus limit economically desirable diffusion.
• B) brand names create entry barriers for would-be competitors.
• C) diffusion of innovation occurs more slowly than is desirable from society's perspective.
• D) a firm's rivals may be able to copy its new product or process innovation, reducing the original firm's return on R&D.

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Definitions:

Infant

A very young child or baby, often legally defined as a person under a certain age, varying by jurisdiction.

Sue in Tort

Initiating a civil lawsuit based on tort law, seeking remedy for personal injuries or damages caused by wrongful acts.

Necessary

Essential or needed to achieve a desired result or fulfill a specific purpose.

Age of Majority

The legally defined age at which a person is considered an adult and is granted the full legal rights and responsibilities of adulthood.