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Author Question: Patents stimulate investment a. by giving inventors an incentive to incur up-front costs of ... (Read 324 times)

laurencescou

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on: Jun 30, 2018
Patents stimulate investment
 a. by giving inventors an incentive to incur up-front costs of developing new products
  b. by giving tax breaks to inventors
  c. by guaranteeing a profit from new products
  d. by lowering interest rates
  e. through government payments that cover costs of research and development

Question 2

A firm in a perfectly competitive market
 a. can raise the price of its product and sell more output
  b. can lower the price of its product and sell more output
  c. can increase its supply to lower the price
  d. can decrease its supply to raise the price
  e. accepts the market price for its product


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mcarey591

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

E


laurencescou

  • Member
  • Posts: 593
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

shailee

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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