Choose the incorrect statement.
A) A patent encourages invention.
B) A patent encourages innovation.
C) A patent has an economic cost.
D) A patent creates a negative externality.
E) A patent produces a monopoly.
Correct Answer:
Verified
Q80: Use the figure below to answer the
Q81: A patent is an example of
A)a subsidy.
B)a
Q82: Three ways governments can encourage production of
Q83: If positive externalities exist and production is
Q84: Use the figure below to answer the
Q86: A voucher can eliminate the deadweight loss
Q87: Complete the following sentence.Knowledge
A)generates external benefits.
B)generates external
Q88: To increase efficiency,
A)taxes are used to overcome
Q89: The outcome from a voucher scheme is
Q90: The devices the government can use to
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