Cross-licensing often occurs in the semiconductor and chemical industries, and other intellectual property is acquired in reciprocal licensing arrangements between firms in order to ________.
A) divide the costs of production and marketing between competing firms
B) avoid research duplication and building on each other's innovations
C) protect the inventions and designs of small firms from large MNEs
D) decrease the likelihood of industrial spying and theft among firms

Question

Quizplus · Accepted Answer

Cross-licensing allows firms to avoid duplicating research efforts and to build upon each other's innovations, fostering a more efficient and collaborative approach to development in industries like semiconductors and chemicals.

Cross-Licensing Often Occurs in the Semiconductor and Chemical Industries, and Other