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    Microeconomics Study Set 8
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    Exam 9: Monopoly Markets
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    Why Do Governments Grant Patents
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Why Do Governments Grant Patents

Question 150

Question 150

Multiple Choice

Why do governments grant patents?


A) To compensate firms for research and development costs.
B) To encourage competition.
C) To encourage low prices.
D) To encourage firms to reveal secret production techniques.

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