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Author Question: Independent, non-monopoly firms have an incentive advantage over monopolies in new-product ... (Read 84 times)

biggirl4568

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Independent, non-monopoly firms have an incentive advantage over monopolies in new-product innovation.
 
  Indicate whether the statement is true or false

Question 2

Besides rewarding discoveries, patents can also prevent them.
 
  Indicate whether the statement is true or false



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wshriver

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Answer to Question 1

F All firms will have similar gains from the discovery of a new product. (There is no commitment, as there may be for new processes.)

Answer to Question 2

T A collection of existing patents can block a discovery that, if accomplished, would allow a breakthrough to still more discoveries.




biggirl4568

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review


smrtceo

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Reply 3 on: Yesterday
Excellent

 

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