Why does the government issue patents? The government issues patents A. to prevent firms from keeping secret how a product is made. B. to ensure that new products are safe and effective for consumers. C. to encourage firms to spend money on the research and development necessary to create new products. D. to encourage competition among firms in markets with barriers to entry. E. to limit excessive economic profits in the short run before new firms have had time to enter profitable markets. How long do patents last? A patent is the exclusive right to a product for a period of nothing years from the date the patent is filed with the government. (Enter your response as an integer.)
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Business, 22.06.2019 01:30, sophie5064
How will firms solve the problem of an economic surplus a. decrease prices to the market equilibrium price b. decrease prices so they are below the market equilibrium price c. increase prices
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Business, 22.06.2019 21:30, isabellesmith51317
Zara, a global retail and apparel manufacturer based in spain that has successfully implemented this idea by having a continuous flow of new products that are typically limited in supply. zara has created a system that draws its clientèle into its stores, on average, 17 times per year as compared to 4 times per year for most stores. how is zara using it to gain competitive advantage? what specific technologies are used by zara to maintain this advantage over its competition?
Answers: 3
Why does the government issue patents? The government issues patents A. to prevent firms from keepin...
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