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    Economics Principle
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    Exam 16: The Market's Prime Achievement: Innovation and Growth
  5. Question
    Patents Are Granted as a Way of Providing Incentives for Private
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Patents Are Granted as a Way of Providing Incentives for Private

Question 7

Question 7

True/False

Patents are granted as a way of providing incentives for private firms to innovate, in recognition of the enormous social benefits generated from innovation.

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