Marginal revenue,average revenue,and price are all equal for a monopolist.
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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
Q35: A patent
A)tends to discourage further innovation,since there
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
Q41: To maximize profit,a monopolist should produce the
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