Multiple Choice
The economic efficiency argument for patents is to:
A) ensure the profitability of firms with patent protection.
B) enable people and firms to internalize the external benefits of their inventions.
C) raise sufficient revenue for the firms so that they can at least break even.
D) ensure that the benefits of discoveries and inventions are entirely transferred to society at-large.
Correct Answer:
Verified
Correct Answer:
Verified
Q34: Suppose good A is a public good.The
Q35: Identify the correct statement.<br>A)The marginal cost of
Q36: Use the following figure to answer the
Q37: The marginal social cost and marginal private
Q38: Which of the following is true of
Q40: An uncongested,non-toll road is characterized by:<br>A)nonexclusion and
Q41: Taxes imposed on polluting firms,for internalizing the
Q42: Suppose that an economy has four people,A,B,C,and
Q43: Use the following figure to answer the
Q44: Explain with the help of a suitable