Provide an original response to two of the following questions. Then, respond to at least two of your classmates' posts. Posts should consist of short paragraphs (3-4 complete sentences minimum). Aim to create or continue conversation. Posts that are simply basic approvals or agreements of another person's post will not receive credit. Professional writing, full sentences, and proper grammar, punctuation, capitalization, etc. are required in order to receive full credit.
1. Why is innovation so important for firms to compete in many industries?
2. What are some of the advantages of technological innovation? Disadvantages?
3. Why do you think so many innovation projects fail to generate an economic return?
4. Describe in your words the term 'negative externalities' and if there are any examples in the news that are concerning to you.