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Author Question: A justification for patents is that without patents consumer surplus would be A) larger than with ... (Read 83 times)

EY67

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on: Jul 1, 2018
A justification for patents is that without patents consumer surplus would be
 
  A) larger than with the patent.
  B) zero since the product would not be invented.
  C) only slightly smaller than with the patent.
  D) zero since the monopoly would be a revenue maximizer.

Question 2

There are currently N identical firms in a market. If it is a perfectly competitive market, the short-run market supply curve at any given price is
 
  A) N times the supply of an individual firm.
  B) N - 1 times the supply of an individual firm.
  C) N plus the supply of an individual firm.
  D) It cannot be determined from the information provided.
Microeconomics ¦ Perloff ¦ 8th Edition
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jonathanballen97

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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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EY67

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Reply 2 on: Jul 1, 2018
Excellent

cpetit11

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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