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Author Question: Patents stimulate investment a. by giving inventors an incentive to incur up-front costs of ... (Read 306 times)

laurencescou

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on: Jun 30, 2018
Patents stimulate investment
 a. by giving inventors an incentive to incur up-front costs of developing new products
  b. by giving tax breaks to inventors
  c. by guaranteeing a profit from new products
  d. by lowering interest rates
  e. through government payments that cover costs of research and development

Question 2

A firm in a perfectly competitive market
 a. can raise the price of its product and sell more output
  b. can lower the price of its product and sell more output
  c. can increase its supply to lower the price
  d. can decrease its supply to raise the price
  e. accepts the market price for its product


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Marked as best answer by a Subject Expert

mcarey591

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

E


laurencescou

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  • Posts: 593
Reply 2 on: Jun 30, 2018
Excellent

shailee

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Reply 3 on: Yesterday
:D TYSM

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