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    Foundations of Macroeconomics
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    Exam 16: Monopoly
  5. Question
    Patents I.encourage the Invention of New Products and Production Methods
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Patents I.encourage the Invention of New Products and Production Methods

Question 177

Question 177

Multiple Choice

Patents
i.encourage the invention of new products and production methods.
ii.generally discourage innovation.
iii.are exclusive rights granted to the inventor of a product or service.


A) i only
B) ii only
C) ii and iii
D) i and iii
E) i, ii, and iii

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