. Type of product: A publishing company own the U.S. copyright to a popular series of books. It is the only company with the legal right to publish these books in the United States. * (1 Point) Standardized (Identical) Differentiated Standardized (Identical) *U.S. copyright to a popular series of books. It is h these books in the Inited States Unique
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- 16-5. Your pharmaceutical firm is seeking to open up new international markets by partnering with various distributors. The different distribution within a country are stronger with different market segments (hospitals, retail pharmacies, etc.) but also have substantial overlap. A. In Egypt, you calculate that the annual value created by one distributor is $60 millions per year, but would be $80 millions if two distributors carried your product line. How much of the value can you expect to capture? B. Argentina also has two distributors with values similar to those in Egypt, but both are run by the government. How does this affect the amount you could capture? C. In Argentina a, if you do not reach an agreement with the government distributors, you can set up a less efficient Internet-based distribution system that would generate $20 million in value to you. How does tis affect the amount you could capture?7. To encourage research and development, the US has a very strong patent protection system that blocks duplication of patented technology for profit. Which example best illustrates positive spillovers from technology creation? a. Black market sales of generic Zyrtec, a patented allergy treatment. b. Specialized mechanic shops emerging that service only newer generation electrical cars. c. Wastewater disposal pollution near fracking sites, a new technology for oil and gas extraction. d. All of the above1.Microsoft is one of the leading software companies. Prior to 2000, Microsoft’s share of the market for personal computer operating systems stood above 80 per cent. However, since the twenty-first century Microsoft’s market share has steadily declined to 40 per cent. This is due to the rise in competing software producers such as Apple macOS (10%), Google's Android OS (35%), Linux Operating System (35%), and Apple iOS (5%). The market share of each company is provided in parentheses. Google and Linux have decided that it would be in their best interest to work together to serve the market. This is not common knowledge to the person’s outside of the companies. i. Draw how equilibrium price and quantity are determined in this industry. Hi does this refer to the monopoly market structure diagrams? 2. Allsmart’s demand curve is given by Q=10-P for its dishwashers. The marginal and average cost is $3 per dishwasher produced. Complete the following table. Photo below concerns…
- 6-It is illegal and unethical to download and install a pirated copy of Microsoft Office on your own laptop. Select one : True O False17- Intellectual property law is a body of law that includes Group of answer choices the right of inventors to produce their inventions the right of inventors to sell their inventions trademark, patent and trade secret legislation copyright legislation, as well as all of the aboveSg3 Economics An industry produces its product, Scruffs, at a constant marginal cost of $50. The market demand for Scruffs is equal to Q=75,000−500PQ What is the value to a monopolist who is able to develop a patented process for producing Scruffs at a cost of only $45? $_____________ If the industry producing Scruffs is purely competitive, what is the maximum benefit that an inventor of a process that will reduce the cost of producing Scruffs by $5 per unit can expect to receive by licensing her invention to the firms in the industry? $________________
- Question 25.25. a.) What is the relationship between economies of scale and a natural monopoly? b.) Why is the level of output at which marginal revenue equals marginal cost the profit-maximizing output?3.If two construction companies merge, this is called a ________ merger, whereas if a bakery merges with a flour mill, this is called a ________ merger. a) horizontal, vertical b) conglomerate, horizontal c) natural, vertical d) conglomerate, verticalWhat legal mechanisms protect intellectual property?
- 6) Why has global oil and gas consumption increased in recent decades, despitediscounting?a. Human population has increased.b. Exploration has made new reserves available.C.People have become richer, which has increased demand for oil and gas.d. Only a and c are correct.e. All of the above (a, b, and c) are correct.7) Without regulation, an industry that is a natural monopoly will tend to have:a. higher prices than is efficient, especially if demand is elastic.b. higher prices than is efficient, especially if demand is inelastic.C. higher consumpton than is efficient, especially if demand is elastic.d. higher consumption than is efficient, especially if demand is inelastic.QUESTION 31Patents, copyrights, and trademarks establish ownership rights over what type of property?IntellectualRealTangibleNon-performingStolen QUESTION 32Which of the following statements is true about most Western societies?In Western societies social groups, rather than individuals, are the basic building blocks of social organization.The value systems of many Western societies emphasize individual achievement.In Western societies, the social standing of individuals is merely a function of who they work for.The emphasis on individuals in Western societies has led to a low level of entrepreneurial activity.It is easier to build and manage teams within organizations in Western societies. QUESTION 33Which of the following helps a firm to preempt available demand, gain cost advantages related to volume, and build an enduring brand ahead of later competitors?Monopolistic practicesComparative advantagesAbsolute advantagesFirst-mover advantagesMercantilism QUESTION 34Which products are…42. To ensure that utilities receive a normal rate-of-return, regulators set price equal to:a. Marginal costsb. Short-run average variable costsc. Long-run average variable costsd. Demand43. Which of the following statements about electricity is correct?a. Electricity is a primary source of energy.b. There are two stages – generation and transmission- necessary to get the electricityfrom the utility provider to the final customer.c. A unique aspect of electricity is that demand must equal supply at each instant.d. Regulated utilities do not maintain excess generating capacity.44. Why does the rate of return (RoR) regulation stimulate more than the efficient level ofcapital investment from the regulated utilities companies?a. A state government directly subsidies capital investments.b. The capture effect rewards capital investment more than other types of investment.c. The RoR is applied to the rate base, which includes capital but not operating costs.d. Regulator salaries increase as…