Patent and copyright laws
a. encourage creative activity.
b. promote competition among firms.
c. discourage creative activity.
d. Both a and b are correct.
a
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Under the cartel, the individual firm's quantity is (assuming it obeys its quota) 
Figure 42.2
A. Q1. B. Q2. C. Qa. D. Qb.
Suppose when the price of pizza goes from $8 to $12 per pie, production increases from 2,500 pies to 4,000 pies per month. Using the mid-point method, the percentage change in price is:
A. 40 percent B. 46 percent C. 1.31 D. 0.35
If the coupon payment on a bond is $640 and the coupon rate is 6%, then what is the face value of the bond?
A) $10,667 B) $10,000 C) $1,067 D) $678.40 E) There is not enough information provided to answer this question.
According to the law of demand, during a given period of time, the quantity of a good demanded
A. Does not change when price changes. B. Increases as its price falls, ceteris paribus. C. Increases as its price rises, ceteris paribus. D. Decreases as its price falls, ceteris paribus.