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Q. 1. "Patent systems can be worthwhile if induced innovations are important also if the rewards from patents speed them up." Explain why this statement is true.
2. Explain why under normal conditions of time-cost trade-offs also benefit curves, a dominant firm will usually lean toward imitating rather than innovating.
3. Discuss three industries with high degrees of technological opportunity also three industries with very low technological opportunity. Illustrate what evidence helps you to make these judgments?
4. Explain the replacement effect, which may cause monopoly firms to innovate less rapidly.
5. Discuss three leading families whose wealth arose at least partly from monopoly. Is their wealth still important?
6. Discuss the values that are provided by competition itself.
These are review questions from the Innovation, Fairness, also Other Values chapter from Shepherd's 5th edition of The Economics of Industrial Organization textbook.
Contrast two or three key economic factors for this country with the U.S. economy, and comment.
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q.consider a perfectly competitive market in which the market demand as well as curve is given by qd 20 - 2pd as well
Elucidate the marginal cost of a string. Compute marginal revenue and marginal cost for each quantity.
what compounded annual increase in cost is this? how does the increase in the cost of natural gas compare to a 3% annual rate of inflation during the same period of time?
what happens to gross debt as a percentage of GDP. Elucidate what happens to the level of debt held by the public as a percentage of GDP.
q1. for handling a crisis of epic proportion hurricane flood blizzard forest fire and so forth which economic system is
Elucidate how each of these implications have or have not been utilized in to company.
How these earnings differences have changed over the past half century, as well as what factors are responsible for these changes.
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Assume which incidence of HIV in the population is .005. Compute the yearly premium of the 1st policy.
Use the circular flow model to provide a picture of how households, firms, and governments interact in the US economy and how the US and other economies interact in the global economy
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