University researchers create a positive externality because what they discover in their research laboratories can be easily learned by others who have not contributed to the researchers' costs. What could the federal government do to equate the equilibrium amount of university research and the socially optimal amount of university research produced?

Answer rating: 100% (QA)

To equate the equilibrium amount of university research with the socially optimal amount the federal government could implement various policy measure... View the full answer