In general, the:
A. number of firms in the industry is far more important than the industry's scientific character
and extent of technological opportunities.
B. greater an industry's concentration ratio, the higher are its R&D expenditures in relation to
sales.
C. industry's scientific character and extent of technological opportunities often are more important than the industry's concentration ratio.
D. higher the industry's interest cost of borrowing funds for R&D, the greater is the industry's
progressiveness.
Answer: C
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Someone who values a lottery at less than the expected value is
a. a risk lover b. risk neutral c. risk averse d. one who tends to play lots of lotteries
The practice of selling a product to retailers and requiring the retailers to charge a specific price for the product is called
a. fixed retail pricing. b. resale price maintenance. c. cost plus pricing. d. unfair trade.