Technology spillover occurs when
A)a firm passes the high costs of technical research on to society through higher prices.
B)a firm's research yields technical knowledge that is used by society as a whole.
C)the government subsidizes firms engaged in high-tech research.
D)copyright laws prohibit firms from profiting from the research of others.

Question

Quizplus · Accepted Answer

Technology spillover occurs when a firm's research yields technical knowledge that is used by society as a whole, meaning the benefits of the research extend beyond just the firm that conducted it. This can result in positive externalities for society, leading to increased innovation, productivity, and economic growth.

Technology Spillover Occurs When