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

Author Question: Which of the following is true? a. Patents reduce a firm's incentive to develop new products. b. ... (Read 50 times)

leo leo

  • Hero Member
  • *****
  • Posts: 566
on: Jun 30, 2018
Which of the following is true?
 a. Patents reduce a firm's incentive to develop new products.
  b. Patents are given for new works of art or literature.
  c. Patents give a permanent exclusive right to produce a new good.
  d. Patents give a temporary exclusive right to produce a new good.
  e. Patents guarantee economic profits.

Question 2

Which of the following is likely to be present in a perfectly competitive market?
 a. patents
  b. government licenses
  c. nonprice competition such as advertising
  d. high capital costs
  e. firms producing identical products


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

frankwu0507

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

E


leo leo

  • Member
  • Posts: 566
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

skipfourms123

  • Member
  • Posts: 343
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

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?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

A, An incentive spirometer. A, An incentive spirometer.
Transurethral resection of the prostate (TURP). As a treatment for BPH, part of the prostate gland i Transurethral resection of the prostate (TURP). As a treatment for BPH, part of the prostate gland i
True Forget-Me-Not True Forget-Me-Not
Liquid Formulations of Herbal Products Liquid Formulations of Herbal Products
Canada's Major Fertilizer Producers and their Products Canada's Major Fertilizer Producers and their Products
Improving your flexibility can help you reduce muscle soreness and lower your risk of injury Improving your flexibility can help you reduce muscle soreness and lower your risk of injury
Video: Supine Position

For a complete list of videos, visit our video library