Copyrights and Patents Are Examples of Barriers to Entry That

question 32

True/False

Copyrights and patents are examples of barriers to entry that give firms monopoly pricing powers.

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Definitions:

Observable

Capable of being seen or noticed, often used to describe phenomena that can be perceived directly or recorded.

Somatic Cells

All the cells in the body except for the germ cells (the ova and sperm).

Genes

The basic physical and functional units of heredity made up of DNA.

Zygotes

The initial cell formed when a new organism is produced by means of sexual reproduction, resulting from the union of an ovum and a sperm cell.