What Would Happen If the Government Chooses to Increase the Number

question 140

Essay

What would happen if the government chooses to increase the number of years that a firm can enjoy patent protection from 20 years to 25 years?

---

Definitions:

Predicting Variables

Variables in statistical models that are used to predict outcomes or responses of interest.

Regression Analysis

A statistical method used to model the relationship between a dependent variable and one or more independent variables.

Dependent Variables

Variables in an experiment that are expected to change as a result of an experimental manipulation of the independent variable(s).

Independent Variables

Factors that are manipulated or selected by the researcher to determine their effect on an outcome.