Technology spillover occurs when a firm's research yields technical knowledge that is used by society as a whole copyright laws prohibit firms from profiting from the research of others the government subsidizes firms engaged in high-tech research a firm passes the high costs of technical research on to society through higher prices

Technology spillover occurs when a firm's research yields technical knowledge that is used by society as a whole copyright laws prohibit firms from profiting from the research of others the government subsidizes firms engaged in high-tech research a firm passes the high costs of technical research on to society through higher prices

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter22: Perfect Competition

Section22.3: Perfect Competition In The Long Run

Problem 4ST

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