Which of the following best defines the situation where one firm's research yields knowledge that is used by society as a whole?
A)social cost
B)opportunity cost of technology
C)internalization of an externality
D)technology spillover

Question

Quizplus · Accepted Answer

Technology spillover occurs when one firm's research or development leads to knowledge or technology that is used by society as a whole, rather than just being kept within the firm for its own benefit. This can lead to external benefits for society, such as increased productivity or improved standards of living.

Which of the Following Best Defines the Situation Where One