Which of the following statements is(are) true about patents and copyrights? (i) they both have benefits and costs
(ii) they lead to higher prices
(iii) they allow for the market to correct for monopolists' ability to earn above average profits
A) (i) and (ii)
B) (ii) and (iii)
C) (ii) only
D) (i) , (ii) and (iii)
Correct Answer:
Verified
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