Answer the following:
a)Explain how the free rider problem might apply to the research and development of new technologies,medicine,and processes if research and development were only financed by private funds.
b)How does the government combat the free-rider problem in new ideas?

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The Answer of Answer the following:
a)Explain how the free rider problem might apply to the research and development of new technologies,medicine,and processes if research and development were only financed by private funds.
b)How does the government combat the free-rider problem in new ideas?

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