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Author Question: Governments grant patents to encourage A) low prices. B) firms to form public enterprises. C) ... (Read 70 times)

jenna1

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on: Jun 29, 2018
Governments grant patents to encourage
 
  A) low prices. B) firms to form public enterprises.
  C) research and development on new products. D) competition.

Question 2

A four-firm concentration ratio measures
 
  A) the price elasticity of demand in an industry.
  B) the price elasticity of demand among the four largest firms in an industry.
  C) the extent to which industry sales are concentrated among the four largest firms in the industry.
  D) the number of firms in an industry.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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gcook

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


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