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Home Science · Q149

Housing and Interior Design

Graduate and Post Graduate · Home Science · question 149

Q149

Innovation is a major factor in competition because it can

A.
be patented to protect the investment of the developers
B.
enable firms to make competitor's products obsolete
C.
guarantee the monopoly position of innovative firms
D.
reduce research and development costs for firms
Answer

Answer: Option D

Solution

Answer: Option D
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