What is one reason patents are required?
A) Information concerning innovation is private and secure.
B) Human nature is corrupt.
C) Information concerning innovation is generally not private and secure.
D) The patent only makes things better in the short-run.
C
You might also like to view...
Refer to the scenario above. What is the present value of Option C?
A) $2,763.64 B) $3,662.44 C) $4,516.80 D) $5,800.79
According to the traditional economic model, which of the following would alter a state of consumer equilibrium if all other factors remain the same?
a. a decrease in the price of a good b. an increase in the quantity supplied of a good c. a decrease in the number of substitutes d. an increase in the number of complements
If a firm equates MR and MC, then:
A. TR is at a maximum, and TC is at a minimum. B. output is at a maximum. C. both TR and TC are at a maximum. D. profits are at a maximum or losses are at a minimum.
If the investment demand curve is vertical,
A) both monetary and fiscal policy are ineffective. B) both monetary and fiscal policy are effective. C) monetary policy is effective, but fiscal policy is ineffective. D) monetary policy is ineffective, but fiscal policy is effective