The benefits from research and development activities
A) are limited to the firm winning a patent.
B) are limited to the firms investing in similar research and development projects.
C) are limited to the nation in which the research and development is taking place.
D) spill over to others, including foreign residents.

Question

Quizplus · Accepted Answer

Research and development activities can generate positive externalities such as new knowledge, technological advancements, and innovative products that can spill over to other firms, industries, and countries. As a result, the benefits of research and development activities are not limited to the firms investing in them or the nation where they take place, but can also extend to foreign residents and global progress.

The Benefits from Research and Development Activities