A patent
A) tends to discourage further innovation,since there are no other competitors to "push" the patentee
B) prevents anyone else from buying the same discovery or product for twenty years
C) grants exclusive rights over the protected firm for at least fifty years
D) is an infringement against an exclusive business right
E) prevents anyone else from selling the same discovery or product for twenty years
Correct Answer:
Verified
Q30: A profit-maximizing,single-price monopoly must lower its price
Q31: Patents allow manufacturers to block the entry
Q32: A copyright
A)is required to sell printed material
B)grants
Q33: Patent laws establish property rights for new
Q34: Patents and copyrights are designed to
A)eliminate above-normal
Q36: Marginal revenue,average revenue,and price are all equal
Q37: For a monopolist,there is no difference between
Q38: A network externality exists
A)in the television industry
B)outside
Q39: Patents stimulate innovation by
A)providing incentives to incur
Q40: When a monopoly is created through government
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