How do positive externalities arise from r and d, Microeconomics

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How do positive externalities arise from r and d

Problem

How do positive externalities arise from R & D? Why do externalities imply that there may be too little expenditure on research by private firms?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: How do positive externalities arise from r and d

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Microeconomics: How do positive externalities arise from r and d

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