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Author Question: Patents A) will create a profit incentive to do research. B) might be welfare reducing if ... (Read 97 times)

RYAN BANYAN

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on: Jul 1, 2018
Patents
 
  A) will create a profit incentive to do research.
  B) might be welfare reducing if granted for too long a period.
  C) serve as a barrier to entry.
  D) All of the above.

Question 2

Suppose there are two perfectly competitive industries with similar numbers of firms but where one industry consists of N identical firms while the second consists of N firms with differing costs. Compared to the short-run supply curve of the industry with identical firms, the short-run supply curve of the differing cost industry will tend to be
 
  A) steeper at higher prices.
  B) flatter at higher prices.
  C) steeper at lower prices.
  D) flatter at lower prices.
Microeconomics ¦ Perloff ¦ 8th Edition
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angrybirds13579

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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RYAN BANYAN

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

ghepp

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Reply 3 on: Yesterday
Excellent

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