Author Question: Firms often use patent rights as a: A) barrier to exit. B) barrier to entry. C) way to achieve ... (Read 152 times)

Zulu123 · **on:** Jul 1, 2018

Firms often use patent rights as a:

A) barrier to exit.
B) barrier to entry.
C) way to achieve perfect competition.
D) none of the above

Question 2

Suppose the downward sloping labor demand curve shifts rightward in a labor market with a single employer (monopsony). What happens to the marginal expenditure curve?

A) Shifts left
B) Shifts right
C) Remains the same
D) We do not have enough information to answer this question.