Governments grant patents to A) encourage low prices. B) ...

[lb_gilbert]

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

[mcomstock09]

Answer to Question 1

B

Answer to Question 2

D

[lb_gilbert]

Wow, this really help

[ktidd]

Thanks for the timely response, appreciate it