This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The patent system is intended to: a. prevent natural monopolies from unfairly exploiting their cost ... (Read 48 times)

Tirant22

  • Hero Member
  • *****
  • Posts: 532
on: Jun 30, 2018
The patent system is intended to:
 a. prevent natural monopolies from unfairly exploiting their cost advantages.
  b. reward innovators by granting them temporary monopolies.
 c. spread information among firms as quickly and economically as possible.
  d. give small businesses a competitive edge over larger businesses.

Question 2

The effect of an import quota on the domestic market is to shift the:
 a. demand curve to the right by the amount of the quota.
  b. demand curve to the left by the amount of the quota.
  c. supply curve to the right by the amount of the quota.
  d. supply curve to the left by the amount of the quota.
  e. consumers' marginal utility curves if they prefer foreign goods to domestic goods.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

akudia

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

c


Tirant22

  • Member
  • Posts: 532
Reply 2 on: Jun 30, 2018
Excellent

ashely1112

  • Member
  • Posts: 347
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

The integumentary system. The integumentary system.
A fuel-pressure graph after key on, engine off (KOEO) on a TBI system. A fuel-pressure graph after key on, engine off (KOEO) on a TBI system.
How to manually solve a linear system with three variables without matrices (Question 1 of 2) How to manually solve a linear system with three variables without matrices (Question 1 of 2)
Effects of the Autonomic Nervous System Effects of the Autonomic Nervous System
Divisions of the Nervous System Divisions of the Nervous System
How the cortical reaction in a mouse egg is thought to prevent additional sperm from entering the eg How the cortical reaction in a mouse egg is thought to prevent additional sperm from entering the eg
Video: Mendel's pea plant, Pisum sativum experimental

For a complete list of videos, visit our video library