Factors That Help Firms Who Invent and Innovate Deal with the "Imitation

question 20

Multiple Choice

Factors that help firms who invent and innovate deal with the "imitation problem" include all of the following, except

• A) patents.
• B) copyrights and trademarks.
• C) brand-name recognition.
• D) rapid diffusion.

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Definitions:

Higher Total Output

Indicates an increased overall level of production or sum of goods and services produced within an economy.

Resource Endowments

The natural, human, and capital resources that a country or region possesses, determining its economic potential and development opportunities.

Technological Capabilities

Refers to the knowledge, equipment, and processes that an organization has at its disposal to develop new products or improve existing ones.

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than its competitors.