All of the following statements about government-supported research are true, except: Select the correct answer below: Cooperation between government-funded universities, academies, and the private sector can spur product innovation. Cooperation between government-funded universities, academies, and the private sector can create whole new industries. State governments are not currently able to cooperate in research efforts; all funding must come from the federal government. Government funded research has the possibility of adding billions of dollars to a nation's GDP