University Researchers Create a Positive Externality Because What They Discover

question 162

Multiple Choice

University researchers create a positive externality because what they discover in their research labs can easily be learned by others who haven't contributed to the research costs. If there are no subsidies, what is the relationship between the equilibrium quantity of university research and the optimal quantity of university research produced?

• A)They are equal.
• B)The equilibrium quantity is greater than the socially optimal quantity.
• C)The equilibrium quantity is less than the socially optimal quantity.
• D)There is not enough information to answer the question.

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Definitions:

Hungarian Employees

Individuals working in Hungary or of Hungarian nationality, employed in various sectors.

Job Satisfaction

The level of contentment or happiness that individuals feel with respect to their job, including aspects such as the nature of work, compensation, and work conditions.

Emotional Intelligence

The capability to understand, control, and express personal emotions, in addition to dealing with connections with others in a prudent and empathetic manner.

Assimilate Emotion

The process of absorbing and incorporating emotions in a way that aligns with one's current state or environment.