Basic scientific research is research that may not have immediate commercial application, but has the potential to contribute to a diverse set of commercial applications in the future. For example, the basic science for laser beam technology was developed in Bell Laboratories in 1960. Since then laser technology has been used in medical technologies, data transmission and a host of other commercial applications. In this example, the development of laser technology created
a. positive externalities
b. negative externalities
c. imperfect information
d. imperfect competition
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