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Author Question: Independent, non-monopoly firms have an incentive advantage over monopolies in new-product ... (Read 97 times)

biggirl4568

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on: Jul 1, 2018
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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Reply #1 on: Jul 1, 2018
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
Great answer, keep it coming :)

shewald78

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Reply 3 on: Yesterday
Excellent

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