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Allowing Firms to Receive Patents on New Inventions

Question 213

Multiple Choice

Allowing firms to receive patents on new inventions


A) increases the price consumers pay for patented products.
B) gives firms a greater incentive to conduct research and development to invent new products.
C) results in much lower prices than would be present if other firms were allowed to compete.
D) does both a and b, but not c.

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