This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The patent system is intended to: a. prevent natural monopolies from unfairly exploiting their cost ... (Read 46 times)

Tirant22

  • Hero Member
  • *****
  • Posts: 532
on: Jun 30, 2018
The patent system is intended to:
 a. prevent natural monopolies from unfairly exploiting their cost advantages.
  b. reward innovators by granting them temporary monopolies.
 c. spread information among firms as quickly and economically as possible.
  d. give small businesses a competitive edge over larger businesses.

Question 2

The effect of an import quota on the domestic market is to shift the:
 a. demand curve to the right by the amount of the quota.
  b. demand curve to the left by the amount of the quota.
  c. supply curve to the right by the amount of the quota.
  d. supply curve to the left by the amount of the quota.
  e. consumers' marginal utility curves if they prefer foreign goods to domestic goods.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

akudia

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

c


Tirant22

  • Member
  • Posts: 532
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

atrochim

  • Member
  • Posts: 331
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Overview of the endocrine system in humans. Overview of the endocrine system in humans.
Dentition, as illustrated in Knight's Sketches in Natural History Dentition, as illustrated in Knight's Sketches in Natural History
Endocrine System Endocrine System
Neurotransmitters of the Autonomic Nervous System (2 of 2) Neurotransmitters of the Autonomic Nervous System (2 of 2)
Male Reproductive System - Ejaculatory ducts Male Reproductive System - Ejaculatory ducts
Responses to artificial and natural selection Responses to artificial and natural selection
Video: Attention Deficit Disorder (ADD)

For a complete list of videos, visit our video library