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Author Question: Governments grant patents to A) encourage low prices. B) compensate firms for research and ... (Read 76 times)

lb_gilbert

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on: Jun 29, 2018
Governments grant patents to
 
  A) encourage low prices.
  B) compensate firms for research and development costs.
  C) encourage firms to reveal secret production techniques.
  D) encourage competition.

Question 2

Which of the following is not a characteristic of oligopoly?
 
  A) the ability to influence price B) a small number of firms
  C) interdependent firms D) low barriers to entry


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mcomstock09

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


lb_gilbert

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

fatboyy09

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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