By licensing its technology to competitors,the firm may deter them from developing their own,possibly superior technology.

Name: By licensing its technology to competitors,the firm may deter them from developing their own,possibly superior technology.
Brand: Quizplus
Rating: 4.8 (37 reviews)

Question

Quizplus · Accepted Answer

By licensing their technology, firms may create a barrier to entry for competitors and reduce the incentive for them to develop their own technology. This can potentially deter competitors from creating superior technology.

By Licensing Its Technology to Competitors,the Firm May Deter Them