Which of the following firms rely on patents the most as the barrier to keep other firms from entering the industry?

A. pharmaceutical firms
B. textbook publishers
C. law firms
D. wine makers


Answer: A

Economics

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Average variable cost is at a minimum at the same amount of output at which

A) average product is at a maximum. B) marginal product is at a maximum. C) average product is at a minimum. D) marginal product is at a minimum.

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Identify the six basic requirements that economists generally agree must exist for a successful transition from socialism to a market-based system

What will be an ideal response?

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According to the ________ theory of regulation, regulators must take into account the preferences of legislators, consumers, and producers.

A. share-the-gains, share-the-pains B. public interest C. capture D. general interest

Economics