A firm will generally believe that if it increases its spending on R&D its competitors will not follow, but if it decreases its spending they will follow.

Name: A firm will generally believe that if it increases its spending on R&D its competitors will not follow, but if it decreases its spending they will follow.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement is generally false. Competitors may or may not follow a firm's R&D spending patterns, and it is difficult to predict their actions with certainty.

A Firm Will Generally Believe That If It Increases Its