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:

Alternatives

Different options or strategies available for consideration when making a decision.

Machiavellianism

is a personality trait characterized by a manipulative nature, a lack of morality, and a focus on personal gain.

Networking

Building and maintaining relationships and connections with others, typically for professional or social purposes.

Referent Power

A form of influence based on identification with, adoration of, or respect for the leader or authority figure.