Question 47 Patents, which confer market power, are intended to: O maintain the dominance of U.S. firms. O encourage innovation by helping firms recoup the costs of research and development. O protect consumers from imitations or knock-offs. O enable patent holders to charge lower prices for new and innovative products.

Question 47 Patents, which confer market power, are intended to: O maintain the dominance of U.S. firms. O encourage innovation by helping firms recoup the costs of research and development. O protect consumers from imitations or knock-offs. O enable patent holders to charge lower prices for new and innovative products.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter13: Monopoly And Antitrust

Section: Chapter Questions

Problem 2P

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