An important factor contributing to the low average profits from innovation is the inherent riskiness of the activities.
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Q48: Technology trading is an arrangement where firms
Q49: The presence of externalities in the acquisition
Q50: Since some innovations succeed, while others fail,
Q51: A rationale for government financing of innovation
Q52: Patents are granted as a way of
Q54: The computer industry is an example of
Q55: The externality problem tends to be more
Q56: The presence of barriers to entry in
Q57: Economists believe that the free market will
Q58: Innovations are thought to generate positive externalities.
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