Economics of Industry Assessed Coursework

Assignment Question
Critically review the incentives and disincentives to invest in Research and Development (R&D) projects (to innovate) for a firm, industry

and country. Illustrate each of your arguments with examples from the business world.

Please ensure that you make use of an appropriate economics based theoretical framework which employs suitable concepts developed in this

course, as well as appropriate examples in support of your answer.
Figure 1: White Rabbit (John Tenniel) Figure 2: King of Hearts (John Tenniel)