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    Microeconomics Study Set 3
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    Exam 11: Monopoly
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    The Longer a Patent Lasts
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The Longer a Patent Lasts

Question 82

Question 82

Multiple Choice

The longer a patent lasts,


A) the greater the potential economic profits available to an innovator.
B) the lower the deadweight loss.
C) the lower the average costs of production.
D) the less innovation there will be.

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