If the government determines that the private sector does not have sufficient incentive to carry out research and development, which of the following is likely to be a reasonable response?
A. government can use public funds to pay for the R&D activities directly.
B. setting up government-run laboratories to ensure public benefits arise from public funding.
C. direct all public R&D funding to colleges and universities to ensure public benefits arise from public funding.
D. ensure that firms are not entering cooperative ventures to lessen competition, as well as b and c above.
Answer:A
If the government determines that the private sector does not have sufficient incentive to carry out research and development, which of the following is likely to be a reasonable response?
A. government can use public funds to pay for the R&D activities directly. B. setting up government-run laboratories to ensure public benefits arise from public funding. C. direct all public R&D funding to colleges and universities to ensure public benefits arise from public funding. D. ensure that firms are not entering cooperative ventures to lessen competition, as well as b and c above.
Explanation: Type: Multiple Choice