Why does a patent stimulate research?
A) Patents give firms time to do research.
B) Patents give firms the opportunity to recover research costs and thus serve as a profit motive.
C) Without patents firms would not research as much.
D) They don't.
B
You might also like to view...
Official data on unemployment are based on
A) a survey of households by the Bureau of the Census. B) employer data on hiring rates. C) the number of actual payments for unemployment compensation. D) the number of claims for unemployment compensation. E) the number of responses to ads in the help-wanted section of major newspapers.
Increases in the general price level are primarily a macroeconomic issue
a. True b. False
Which of the following is the profit-maximizing condition for a monopolist?
a. P = AR = MR = MC b. MR > MC c. P = AR > MR = MC d. MR < MC
The top _____% of U.S. households earn more than half of the country's income.
A. 10 B. 40 C. 30 D. 20