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13.1 Why the private sector under invests in innovation  (Page 16/16)

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    social rate of return

    when the estimated rates of return go primarily to society; for example, providing free education

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Practice FlashCards 7 Key Terms 5

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Source:  OpenStax, Principles of microeconomics for ap® courses. OpenStax CNX. Aug 24, 2015 Download for free at http://legacy.cnx.org/content/col11858/1.4
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