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Author Question: Governments grant patents to A) encourage low prices. B) compensate firms for research and ... (Read 91 times)

lb_gilbert

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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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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 :)


sultansheikh

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

 

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