Which of the following is NOT a reason social returns might be greater than private returns?
A) Excess competition between firms
B) Knowledge spillovers
C) Spillovers from research and development
D) Capital market imperfections
A
Economics
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Because Federal Reserve Notes (paper currency) are legal tender
A) U.S. creditors must accept them in payment of debts. B) U.S. workers must accept them as payment for labor services. C) U.S. firms must accept them as payment for goods and services. D) All of he above are correct.
Economics
Total revenues reach a maximum when
A) demand is elastic. B) demand is inelastic. C) demand is unit-elastic. D) price elasticity is at a minimum.
Economics