Patents

question 87

Multiple Choice

Patents

• A) are granted only to competitive firms and not monopolies.
• B) require that monopolies increase the amount they produce.
• C) increase the incentive to capture economies of scale.
• D) increase the incentive to innovate.
• E) grant the holder a monopoly that lasts forever.

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Definitions:

Self-perception Theory

A theory suggesting that individuals infer their attitudes and feelings by observing their own behavior and the context in which it occurs.

Descriptive Norms

Social norms that describe what is commonly done in specific situations, guiding behavior by indicating what is considered normal or typical.

Injunctive Norms

Social rules that dictate what behaviors are typically approved or disapproved of within a community or society.

Norm Salience

Describes the degree to which social norms are noticeable or prominent to individuals in a given context, influencing their behavior.