If Patent Protection Were Not Offered by Governments, the Result

question 70

Multiple Choice

If patent protection were not offered by governments, the result would be:

• A) a solution to the problem of positive externalities.
• B) more private research would be undertaken.
• C) less public research would be undertaken.
• D) less opportunities for the technological progress.

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Definitions:

WACC

Weighted Average Cost of Capital; a method for assessing a firm's capital costs by applying proportional weights to each kind of capital.

Credit Rating

An evaluation of the creditworthiness of an individual or corporation, often expressed as a grade or score, that reflects the likelihood of the entity defaulting on its debts.