Lecture 6 9

Lecture 6 9 - the market, it will be underprovided. • To...

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Technology/Demand and Supply Since P=0, will companies/labs invest in new technology? Implications for Economic Growth? If Research and Development (R&D) is left to
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Unformatted text preview: the market, it will be underprovided. • To get R&D going, we need to have imperfect competition (monopolies) or public provision...
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This note was uploaded on 04/03/2011 for the course ECON 2021 taught by Professor Mok during the Spring '11 term at HKU.

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