Private companies will invest in medical research if
A) they will produce general knowledge.
B) they will produce a specific product for which they may receive a patent.
C) there is no government intervention in the market for medical products.
D) others will benefit from their discoveries.
Correct Answer:
Verified
Q146: Knowledge that is patented is a
A)public good,
Q149: Which of the following is not a
Q153: Producers have little incentive to produce a
Q202: Advocates of antipoverty programs believe that fighting
Q204: To achieve the optimal provision of public
Q206: The U.S. patent system
A)makes general knowledge excludable.
B)makes
Q208: Which of the following statements is not
Q209: Knowledge is an example of a
A)public good.
B)private
Q210: Advocates of antipoverty programs claim that
A)the government
Q211: Which of the following is an example
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