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What paradigm is used to define the futures price?
Research and Development
The iterative process of systematic work undertaken to increase the stock of knowledge and use this knowledge to devise new applications.
Patent Protection
Legal rights granted to inventors that prevent others from making, using, or selling their invention for a certain period of time.
Applied Research
Research aimed at solving practical problems and developing new technologies, as opposed to theoretical or basic research.
Basic Scientific
Refers to fundamental research that aims to increase our understanding of basic principles and facts without immediate practical application in mind.
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