Which of the following could the government do to increase the incentive for individuals and firms to engage in R&D?
A) The government could eliminate any private gain arising from the R&D endeavor.
B) The government could design incentives that will increase the private gain from an R&D endeavor.
C) The government could ensure that there will be social gains from the activity.
D) There is no role for government.
E) The government should make itself the sole beneficiary of the result's proceeds.
Correct Answer:
Verified
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