Examlex
____ of patents occurs when each of two firms agrees to let the other use some specified set of its patents, either at a price specified in their agreement or in return for access to the other firm's patents.
Total Budget
The complete amount of money allocated for a particular purpose, project, organization, or time period.
Cross Elasticity
Cross elasticity measures the responsiveness of the demand for one good to a change in the price of another good, indicating their substitutability or complementarity to consumers.
Complementary Goods
Products or services that are used together, where the increase in demand for one leads to an increase in demand for the other.
Luxury Goods
High-value products that are not necessary for basic needs and are often considered a sign of wealth or status.
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