Firms are unlikely to invest sufficiently in R&D leading to technological constraints owing to

Name: Firms are unlikely to invest sufficiently in R&D leading to technological constraints owing to
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Firms may underinvest in R&D due to the high risk and uncertainty associated with research outcomes and the problem of free-riders, who benefit from R&D without contributing to its costs. Competitive market structures are not a direct reason for underinvestment in R&D.

Firms Are Unlikely to Invest Sufficiently in R&D Leading to Technological