Besides market structure, another factor that seems to influence the level of R&D spending in an industry is the
A)number of firms in the industry.
B)length of time for government patents.
C)scientific character of the industry.
D)imitation problem in the industry.

Question

Quizplus · Accepted Answer

The scientific character of the industry influences R&D spending because industries that are more science-driven typically require more research and development to innovate and stay competitive.

Besides Market Structure, Another Factor That Seems to Influence the Level