Ordinarily, Governments Attempt to Promote Competition in Markets

question 104

Multiple Choice

Ordinarily, governments attempt to promote competition in markets.Why do governments use patents to block entry into some markets when this prohibits competition?

• A)Patents encourage firms to spend money on research necessary to create new products.
• B)Politicians sometimes succumb to pressure from lobbyists to grant favours to businesses for political reasons.
• C)Patents are an important source of government revenue.
• D)Patents are justified because they are an important means for creating network externalities.

Recognize various types of memory and storage devices, including their characteristics and hierarchies.

Comprehend the role and application of human data-entry technologies.

Understand the conceptual and practical differences between primary and secondary storage.

Recognize the significance of source-data automation technologies.

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Definitions:

Steals

Steals can refer to the act of taking something without permission or legal right, typically in a secretive manner.

Standard Deviation

Measures the extent of variance in a dataset relative to its mean, indicating how numbers are spread out.

Z-Score

A statistical measurement that describes a value's relationship to the mean of a group of values, measured in terms of standard deviations from the mean.

Sugar

A sweet-flavored substance, typically derived from sugarcane or sugar beets, used commonly as a sweetener in food and drinks.