A Crash R&D Program by One Firm Cannot Replicate a Successful

question 108

Multiple Choice

A crash R&D program by one firm cannot replicate a successful technology developed by another firm,when research findings cumulate.This is an example of

• A) social complexity.
• B) physical uniqueness.
• C) path dependency.
• D) causal ambiguity.

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Definitions:

Subsidize Production

Financial assistance given by a government to support the production of goods or services.

Premature Deaths

Deaths that occur before the average age of death in a population, often due to preventable factors.

Turkeys

Generally refers to domesticated birds commonly raised for consumption, but can also colloquially denote a failure or unsuccessful endeavor.

Equilibrium Price

The market price level where the volume of goods producers are willing to sell equals the volume consumers are willing to purchase.