D Question 13 3 pts The Inverted U is a graphic representation of the relationship between R & D spending and the amount of competition in the related industry. True O False D Question 14 3 pts Technological advances in oligopolistic industries are more likely to be funded by the large firms in such industries, and due to the barriers to entry which tend to exist in Oligopoly, the firms in those industries are more likely to reap the rewards of their R & D spending. O True False D Question 15 3 pts Entrepreneurs innovate because they are driven to, by the search for profits. O True FalseD Question 10 3 pts According to the lecture, the odds of success, particularly in the early years, are much better for small business start-ups than just 30 years ago. True O False D Question 11 3 pts Diffusion creates multiple productive advances, based on the idea of a new invention and innovations. True False D Question 12 3 pts Product differentiation can be achieved by packaging, marketing and other factors. O True O FakeD Question 6 3 pts There is some debate about the intent of advertising, but according to graphs in the chapter, Advertising can increase the consumer demand for products OR because of excess spending on advertising, it could reduce supply. True FalseD Question 18 3 pts Entrepreneurial skill is a resource category, but your author regards Entrepreneurs and key innovators. True O False D Question 19 3 pts Which of the following makes up the largest portion of Research & Development in the US? O Innovation & Imitation O Invention O Basic Research