Cross-licensing often occurs in the semiconductor and chemical industries 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 competing firms to access each other's patents and technologies, thus avoiding duplication of research efforts and building on each other's innovations. This creates efficiencies in the industry, reduces competition, and enables firms to bring products to market faster.

Cross-Licensing Often Occurs in the Semiconductor and Chemical Industries in Order