Aggregate demand is the total demand for a(n) ______.

Firms that set prices equal to marginal costs will usually recover all of their R&D costs

a. True b. False Indicate whether the statement is true or false

Electronics firms may be able to get patents on their ideas. Doing so makes their ideas

a. private goods rather than public goods. This gives people more incentive to engage in research. b. private goods rather than public goods. This gives people less incentive to engage in research. c. public goods rather than private goods. This gives people more incentive to engage in research. d. public goods rather than private goods. This gives people more incentive to engage in private research.