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Author Question: A patent A) always gives rise to a monopoly. B) may not provide a barrier to entry. C) allows ... (Read 46 times)

JGIBBSON

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on: Jul 1, 2018
A patent
 
  A) always gives rise to a monopoly.
  B) may not provide a barrier to entry.
  C) allows the patent owner to capture all of the consumer surplus.
  D) increases total welfare.

Question 2

Fixed costs
 
  A) are always sunk.
  B) are avoidable.
  C) are sometimes sunk.
  D) sunk in the short run, but not in the long run.


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ally

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Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

C


JGIBBSON

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

jordangronback

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Reply 3 on: Yesterday
Excellent

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