Choose a true statement among the following $($single choice$)$:

$(1)$

Since it is easier to pursue incremental innovation than radical innovation, all firms must work hard to pursue the latter type of innovation.

The stronger intellectual property protection a govemment imposes, the better innovation performance can the economy achieve.

The trajectory of a technology development often exhibits a S$-$shaped curve.

Because some types of innovations, as known as disruptive innovation or radical innovation, could destroy the existing competences of incumbent firms, incumbent firms often suffer from organizational inertia that makes employees reluctant to try out unprecedented attempts.

In general, firms and individuals from the private sector play significnat roles in the early development $-$ ferment $-$ stage of an innovation Scurve, while the government and public R&D programs join in the 'take$-$off' stage after things take shape.