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Optimal R&D
Optimal R&D refers to the most efficient level of investment in research and development activities that maximizes the return on investment for a company or economy.
Perfectly Elastic
Describes a situation in market demand or supply where quantity demanded or supplied changes infinitely in response to even a tiny change in price.
Optimal R&D
The most efficient level of investment in research and development activities where marginal costs equal marginal benefits, maximizing net benefits.
Expected-Rate-Of-Return
The anticipated return on an investment, predicting future profit or loss.
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