There Are Often Wide Differences Between the Productivity Levels of Different

question 42

Multiple Choice

There are often wide differences between the productivity levels of different factories making the same products because

• A) patent protections limit the benefits of innovation to the firm responsible for the innovation.
• B) some companies are more willing to take the risk of adopting a new technology than are others.
• C) the intensity of competition varies from industry to industry.
• D) some factories are located in innovation clusters and others are not.

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Definitions:

Building Lot

A parcel of land designated for constructing a building or set of buildings.

Equivalent Payment

A payment amount that, when adjusted for interest and time, is equal in value to a different payment amount over a different time period.

Focal Date

A specific point in time that serves as a reference or target for events or operations.

Equivalent Payment

A term related to finance that typically involves finding a payment amount that equates to an equal value under different conditions.