The Consider This box on patents and innovation demonstrates that:
A. patent protection for U.S. companies may not be as effective when other countries do not
respect or enforce U.S. patent laws.
B. patent laws are relatively uniform across nations.
C. countries like India have no incentive to enact or enforce patent laws.
D. follower countries tend to have stronger patent laws than leader countries.
A. patent protection for U.S. companies may not be as effective when other countries do not
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A private good is
A) a good that is rival and excludable. B) a good that is rival and nonexcludable. C) a good that is nonrival and excludable. D) a good that is nonrival and nonexcludable.
Refer to Table 14-8. If the two firms collude, is there an incentive for either to cheat on the collusion agreement?
A) Yes, but only Brawny Juice is in a position to gain by cheating. B) Yes, but only Power Fuel is in a position to gain by cheating. C) Yes, either firm can gain if it, alone, cheats. D) No, neither firm can gain by cheating.
Kate and Alice are small-town ready-mix concrete duopolists. The market demand function is Qd = 20,000 - 200P, where P is the price of a cubic yard of concrete and Qd is the number of cubic yards demanded per year. Marginal cost is $80 per cubic yard. The Cournot model describes the competition in this market. What is the market price in the Nash equilibrium?
A. $80 B. $86.67 C. $100 D. $93.34
One of the changes in the welfare system of the United States that occurred in 1996 was a move to block grants for states. What advantage(s) might a block grant system allow?
What will be an ideal response?