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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

In what ways (it) company investments in research and development create positive externalities?

To determine

The ways in which positive externalities are created by the investments made by company in research and development are to be determined.

Explanation

The positive externality should be understood first which is referred as that benefit of a particular thing, other companies in the industry take without spending anything for its creation. The way of creation of positive externality is that when a company invests in research and development for the products and quality of its own and takes benefit itself then other companies in the...

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