In general,the:
A) number of firms in the industry is far more important than the industry's scientific character and extent of technological opportunities.
B) greater an industry's concentration ratio,the higher are its R&D expenditures in relation to sales.
C) industry's scientific character and extent of technological opportunities often are more important than the industry's concentration ratio.
D) higher the industry's interest cost of borrowing funds for R&D,the greater is the industry's progressiveness.

Question

Quizplus · Accepted Answer

The industry's scientific character and extent of technological opportunities often play a crucial role in determining the level of R&D expenditures and progressiveness. Concentration ratio may have some influence, but it is not the sole determinant. Factors such as potential for innovation, degree of competition, and availability of funding for R&D also play an important role.

In General,the