Profit-seeking firms will devote little effort to develop general knowledge as:
A) they prefer to develop specific technological knowledge
B) patents are too expensive to obtain
C) government agencies won't subsidise the research
D) all of the above

Question

Quizplus · Accepted Answer

Profit-seeking firms prioritize developing specific technological knowledge that they can use to gain a competitive advantage in their respective markets. Investing in general knowledge, which has no specific application, may not yield immediate returns on investment.

Profit-Seeking Firms Will Devote Little Effort to Develop General Knowledge