Multiple Choice
Regarding new inventions, which of the following statements is not true?
A) A new invention typically has little competition.
B) This effective monopoly on the market earns the inventor abundant profit.
C) That profit gets the attention of other potential inventors, who create competing products.
D) Reduced to zero economic profits, the inventor goes out of business.
Correct Answer:
Verified
Correct Answer:
Verified
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