Invention and innovation are not the same; innovation tends be derived from invention.
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Q8: The inverted-U theory of R&D suggests that
Q9: Large, well-established firms are more likely to
Q10: Technological advance increases productive efficiency by giving
Q11: Venture capital is another name for retained
Q12: Successful new products enable consumers to increase
Q14: The marginal cost to a firm of
Q15: Process innovation is represented as a downward
Q16: Diffusion is the first successful commercial introduction
Q17: Inventions and innovations can both be patented.
Q18: A firm's optimal amount of R&D occurs
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