Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN: 9781947172364
Author: Steven A. Greenlaw; David Shapiro
Publisher: OpenStax
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Chapter 13, Problem 11RQ

Why might private markets tend to provide too few incentives for the development of new technology?

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The examples of PRIVATE COST that relate to our life?
What is the difference between private and social costs?
What can government do to encourage the development of new technology?

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Principles of Economics 2e

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