Independent, non-monopoly firms have an incentive advantage over ...

[biggirl4568]

Independent, non-monopoly firms have an incentive advantage over monopolies in new-product innovation.
 
  Indicate whether the statement is true or false

Question 2

Besides rewarding discoveries, patents can also prevent them.
 
  Indicate whether the statement is true or false

[wshriver]

Answer to Question 1

F All firms will have similar gains from the discovery of a new product. (There is no commitment, as there may be for new processes.)

Answer to Question 2

T A collection of existing patents can block a discovery that, if accomplished, would allow a breakthrough to still more discoveries.

[biggirl4568]

Thanks for the timely response, appreciate it

[chereeb]

Great answer, keep it coming