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Author Question: Governments grant patents to A) encourage low prices. B) compensate firms for research and ... (Read 102 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
Thanks for the timely response, appreciate it

mochi09

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

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