Private firms are more likely to fund applied research because they are looking to develop new products or improve existing ones in order to generate profits. Applied research is focused on practical applications rather than theoretical knowledge, making it more immediately useful to private firms than basic research.

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Private Firms

Question 85

Multiple Choice

Private firms

A) are more likely to fund basic research than applied research.
B) are more likely to fund applied research than basic research.
C) are equally likely to fund basic research and applied research.
D) are unlikely to fund either basic research or applied research.
E) will never fund basic research, but will fund applied research.

Correct Answer: