Patents stimulate investment a. by giving inventors an incentive ...

[laurencescou]

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

[mcarey591]

Answer to Question 1

A

Answer to Question 2

E

[laurencescou]

Thanks for the timely response, appreciate it

[chereeb]

TYSM