The Ability of an Innovating Firm to Appropriation of Returns

question 57

True/False

The ability of an innovating firm to appropriation of returns to its innovation is wholly dependent on establishing property rights in the innovation

---

Definitions:

Listed

Refers to a company or security that is officially registered and available for trading on a public stock exchange.

No-liability

A type of company structure where shareholders are not obliged to contribute additional equity to cover company debts in case of insolvency.

Limited by Guarantee

A form of incorporation used primarily by non-profit organizations where the liability of the members is limited to the amount they agree to contribute if the company is wound up.