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Why doesn't a firm price discriminate based on income levels?
Patentable
Refers to inventions that fulfill the criteria of being new, non-obvious, and useful, qualifying them for patent protection.
Expected-rate-of-return
The profit or loss one anticipates on an investment relative to the amount of money invested.
Optimal R&D
The ideal level of spending on research and development that maximizes an organization's returns or benefits.
Oligopolists
Firms or entities that operate in an oligopoly, a market structure characterized by a small number of sellers that dominate the market.
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