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When we say that the social return to an investment exceeds the private return to that investment, we


1.that technology has to be imported in order to benefit society

2.that the government owns and appropriates part of the return to the investment

3.that there are spillovers or externalities tied to the investment

4.there will be shortages of the product that is produced by the investment

5.that the in the free market there is overinvestment in technology

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3.that there are... View the full answer

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