Discuss the intellectual property laws

Assignment Help Microeconomics
Reference no: EM131635031

Question: Intellectual property laws are intended to promote innovation, but some economists, such as Milton Friedman, have argued that such laws are not desirable. In the United States, there is no intellectual property protection for food recipes or for fashion designs. Considering the state of these two industries, and bearing in mind the discussion of the inefficiency of monopolies, can you think of any reasons why intellectual property laws might hinder innovation in some cases?

Reference no: EM131635031

Questions Cloud

How the monopolist might react in the given case : Imagine that you are managing a small firm and thinking about entering the market of a monopolist. The monopolist is currently charging a high price.
What is the value of a masters degree in nursing : What differentiates the practice of a master's-prepared nurse compared to that of a baccalaureate-prepared nurse
Compare the radicals to the standard bearers : Discuss their different approaches to the subject, including those from the earliest debates to achieving suffrage.
Discuss challenges for implementation of solutions : ecological sanitation solutions for lesser economically developed countries. Also discuss challenges for implementation of these solutions
Discuss the intellectual property laws : Intellectual property laws are intended to promote innovation, but some economists, such as Milton Friedman, have argued that such laws are not desirable.
List and describe steps in the marketing research process : List and describe the steps in the consumer purchase decision process. List and describe the steps in the Marketing Research process.
Define the concepts of utilitarian and deontology : Define the concepts of utilitarian and deontology.Describe how the stakeholder was impacted (socially, economically, and environmentally).
Identify the major health condition impacting your community : Based on your preliminary search, identify major health conditions impacting your community and choose one of those conditions as the topic for your assignment.
Solving problem related to the justice department : For many years, the Justice Department has tried to break up large firms like IBM, Microsoft, and most recently Google, on the grounds that their large market.

Reviews

Write a Review

Microeconomics Questions & Answers

  What is meant by economics what role does economics play in

what is economics? what role does economics play in your personal and organizational decisions? provide an example of

  Find the interest rate you are being charged per year

You took a $1500 loan today and agreed to pay $500 in year two, $500 in year 4 and $1500 in year 6 (final year). Find the interest rate you are being charged per year using.

  Cost of capital analysis

Describe the importance of cost of capital with respect to the actual financial problem of most manufacturing companies.

  Discuss about the tariff reduction of flat screen tvs

A tariff is a tax on imported goods. Suppose the U.S. government cuts the tariff on imported flat screen televisions.

  How can the product which costs more save company money

identify and discuss two ways in which cross-functional teams could be useful in developing new products or completing

  Calculate the arc cross-elasticity

Suppose the price of product B increases to 3. What happens to quantity demanded of both products?b. Calculate the arc cross-elasticity between product A and product B using prices for product B of 2 and 3. c. Are these goods substitutes or complemen..

  What is his probability of winning at least twice

Suppose that a gambler plays a $1 game 7 times. in each game, his probability of winning is 20 percent. if he wins, he gets $4 prize. he gets nothing if he loses. to profit on the games, he must win at least twice. what is his probability of winning ..

  Describe the competitive equilibrium price

Consider a competitive seller of iced coffee drinks.Suppose that this seller’s marginal cost of producing an amount of such drinks per week is given.What is this seller’s total surplus at this quantity

  Determine the minimum-cost exploration scheme

As the leader of an oil-exploration drilling venture, you must determine the least-cost selection of 5 out of 10 possible sites. Formulate an integer program to determine the minimum-cost exploration scheme that satisfies these restrictions.

  1 in problem 1 if charlies utility function were x5axb if

1. in problem 1 if charlies utility function were x5axb if apples cost 70 cents each and if bananas cost 10 cents each

  Calculate the (target) reserve requirement

Suppose the general public purchase $500 million in government bonds and pay for them by drawing cheques on their chartered bank deposits. 1) Calculate the (target) reserve requirement

  Prepare ten pages paper that addresses the given situations

Using the situations above, prepare a 5-10 page Microsoft Word document that addresses the above situations and meets APA standards.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd