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Private Businesses Tend to Spend Too Little on Research and Development,because

Question 24

Multiple Choice

Private businesses tend to spend too little on research and development,because ________.


A) investments to increase the capital stock are a better way to boost productivity
B) governments tend to spend too much on research and development
C) patent laws make it difficult to reap the benefits of such spending
D) technology is often nonexcludable

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