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Due to the free rider problem with innovation

8). Due to the free rider problem with innovation, even in a market economy investment in R & D falls short of the socially optimal level. True or False
9). The MR=MC rule doesn't apply to how much a firm spends on R & D? True or False
10). In a free market economy prices dictates resources allocation, so rich consumers' preferences get much more attention than poor consumers'?

True or False

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8). Due to the free rider problem with innovation, even in a market economy investment in R & ...

Solution Summary

The due to the free rider problem with innovations are determined. Free market economy prices for dictates resource allocations are provided.

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