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- Reasons why intellectual property laws might hinder innovation in some cases?Explain the pros and cons of using a patent system to incentivize innovation.Explain why any imperfect market structure is one of the sources of market failures. Give an example by showing graph/calculation and descriptions.
- Justify protection of patent based on social cost,sunk cost and social benefit theory.This is a grant given by the federal government allowing an inventor the exclusive right to a product. A. Bessemer process B. protective tariff C. Patent D. CopyrightContrast Market concentration and market competition on a spectrum of market structures and recommend an appropriate market model (structure), with reasons.
- Swanson innovations, a small research and developments firm produces 16.5 times as many patents per employee as large fires. Which strategy for competitive advantage is the entrepreneur demonstrating? a. integrity and responsibility b. customer focus c. quality performance d. innovation e. niche market Typed and correct answer please. I ll rateExamine the factors that affecting market structure trends.Which of the following types of intellectual property is valid for up to 20 years and can not be renewed? Patent Copyright Trademark both copyright and patent
- Which of the following statements is false? The owner of a patent is not obliged to grant a license A patent gives its owner the right to exclude others from using the invention The exclusive rights may be limited under certain conditions The patent owner is not required to disclose his inventionPHYSICAL RESOURCES REFER TO BRANDS, PATENTS, AND COPYRIGHTS. a. True b. FalseWhy is Silicon Valley considered as one of the ideal models of entrepreneurial ecosystem? Provide examples or situations for your answers.