A patent A) always gives rise to a monopoly. B) may not ...

[JGIBBSON]

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.

[ally]

Answer to Question 1

B

Answer to Question 2

C

[JGIBBSON]

Wow, this really help

[Dominic]

Thanks for the timely response, appreciate it