This topic contains a solution. Click here to go to the answer

Author Question: Patents stimulate investment a. by giving inventors an incentive to incur up-front costs of ... (Read 309 times)

laurencescou

  • Hero Member
  • *****
  • Posts: 593
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



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mcarey591

  • Sr. Member
  • ****
  • Posts: 365
Answer to Question 1

A

Answer to Question 2

E




laurencescou

  • Member
  • Posts: 593
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


meganmoser117

  • Member
  • Posts: 303
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

For a complete list of videos, visit our video library