Firms share technology with rivals,
A)in order to better compete with their rivals.
B)in order to help out when their rivals are in trouble.
C)to share the substantial risks of innovation.
D)because they are required to by law.
E)in order to pass false information to their rivals in order to drive them out of business.

Question

Quizplus · Accepted Answer

Sharing technology with rivals can be beneficial in reducing the risks of innovation. By sharing the risks and costs of research and development, firms can reduce the burden of innovation costs and share the benefits that come with advancements in technology. This approach promotes collaboration and cooperation amongst firms, and encourages the development of new innovations that can benefit everyone.

Firms Share Technology with Rivals