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Author Question: Firms free ride on the research and development of other firms when they A) buy a firm's newly ... (Read 168 times)

clippers!

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on: Jun 29, 2018
Firms free ride on the research and development of other firms when they
 
  A) buy a firm's newly developed product, and then give it away to consumers.
  B) choose a level of research and development that is inefficiently high.
  C) license a new technology from a firm that developed the new technology.
  D) use knowledge other firms have developed without paying for that knowledge.

Question 2

Assume that firms in a perfectly competitive market are earning economic profits. Which of the following statements describes the change in market price and output as a result of the entry of new firms into this market?
 
  A) The short-run market supply curve shifts to the right, causing price to fall and total market output to increase.
  B) The short-run market supply curve shifts to the left, causing price to rise and total market output to decrease.
  C) The market demand curve shifts to the left, causing price to fall and market output to decrease.
  D) The market demand curve shifts to the right, causing price to rise and market output to increase.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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katara

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Reply #1 on: Jun 29, 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.
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clippers!

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Reply 2 on: Jun 29, 2018
Gracias!

irishcancer18

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

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