Governments grant patents to
A) encourage low prices.
B) compensate firms for research and development costs.
C) encourage firms to reveal secret production techniques.
D) encourage competition.
B
Economics
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What are the assumptions of the Heckscher-Ohlin theorem?
What will be an ideal response?
Economics
If Andre Preneur puts together a company that yields a profit of $40,000 per year and this profit stream is expected to continue indefinitely, what price can he sell the company for if the discount rate equals 8 percent?
a. $40,000 b. $60,000 c. $100,000 d. $250,000 e. $500,000
Economics