Why may private R&D expenditures be too low?

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Macroeconomics Policy And Practice

ISBN: 978-0133424317

2nd Edition

Authors: Frederic Mishkin

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Question Posted: Feb 17, 2024 11:00 PM

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Why may private R&D expenditures be too low?

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Private research and development RD expenditures may be too low for several reasons Market Failure In some cases private firms may underinvest in RD d...View the full answer

Macroeconomics Policy And Practice

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