Author Question: Patents have been defended by some on the grounds that they stimulate inventive activity. Others ... (Read 29 times)

michelleunicorn · **on:** Jul 1, 2018

Patents have been defended by some on the grounds that they stimulate inventive activity. Others have argued for changes in current patent laws because:
a. resources are misallocated by the grant of a patent monopoly
b. patents may not be necessary to encourage inventive activity
c. the current patent monopoly period (17 years) is too short to encourage any inventive activity.
d. a and b only
e. all of the above

Question 2

Ebay's use of bidding agents will
a. effectively turn an English auction into a Vickery auction
b. effectively turn a Vickery auction into an English auction
c. decide how much to shade your bid for you
d. make you a more aggressive bidder