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

Author Question: A justification for patents is that without patents consumer surplus would be A) larger than with ... (Read 24 times)

EY67

  • Hero Member
  • *****
  • Posts: 531
on: Jul 1, 2018
A justification for patents is that without patents consumer surplus would be
 
  A) larger than with the patent.
  B) zero since the product would not be invented.
  C) only slightly smaller than with the patent.
  D) zero since the monopoly would be a revenue maximizer.

Question 2

There are currently N identical firms in a market. If it is a perfectly competitive market, the short-run market supply curve at any given price is
 
  A) N times the supply of an individual firm.
  B) N - 1 times the supply of an individual firm.
  C) N plus the supply of an individual firm.
  D) It cannot be determined from the information provided.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jonathanballen97

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


EY67

  • Member
  • Posts: 531
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

miss_1456@hotmail.com

  • Member
  • Posts: 289
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

A freshly applied autograft. Note that the donor skin has been perforated so that it can be stretche A freshly applied autograft. Note that the donor skin has been perforated so that it can be stretche
A taxonomy of primate social systems. Larger symbols indicate adults. A taxonomy of primate social systems. Larger symbols indicate adults.
Although males tend to be larger than females, the two overlap significantly in size. The size of a Although males tend to be larger than females, the two overlap significantly in size. The size of a
A cylinder head with four valves per cylinder, two intake valves (larger) and two exhaust valves ... A cylinder head with four valves per cylinder, two intake valves (larger) and two exhaust valves ...
U.S. Patents and Patents per Million Residents, 2010 U.S. Patents and Patents per Million Residents, 2010
US federal budget deficit/surplus and debt US federal budget deficit/surplus and debt
Video: Power Supply Polyacrylamide Gel Protein Sample

For a complete list of videos, visit our video library