Firms That Leverage Proprietary Standards for Market Dominance Do Not

question 23

True/False

Firms that leverage proprietary standards for market dominance do not necessarily inhibit innovation.

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Definitions:

Consideration

The value (such as money, services, or goods) promised in a contract which motivates a party to enter into the agreement.

Article 9

A provision of the Uniform Commercial Code that governs secured transactions involving personal property.

Real Property

Land and anything permanently attached to it, such as buildings and trees, as opposed to personal property.

UCC

The Uniform Commercial Code consists of regulations governing sales and commercial activities across the United States.