Patents function to
A. establish permanent monopolies.
B. temporarily protect monopoly power.
C. encourage firms to reduce output.
D. reduce monopoly power.
B. temporarily protect monopoly power.
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In a _____, the state owns all means of production
A. mixed economy B. planned economy C. market economy D. totalitarian state
An important determinant of comparative advantage is:
A. diversity in climate and natural resources. B. endowment of financial capital. C. low governmental barriers to trade. D. well established governmental regulations on trade.
In conducting our Gap analysis, we examine the internal and external assessment as a whole to determine alignment with
Financial statements Community needs assessment Mission, vision, and values All of the these
If firms make a profit in the short run, firms will exit the market in the long run.
Answer the following statement true (T) or false (F)