One of the effects of patents is to
a. reduce incentives for innovation.
b. give firms incentives to worry less about minimizing production costs.
c. temporarily provide the patent owner with monopoly power.
d. reduce the degree of monopoly power in the short run.
C
Economics
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According to this Application, some economists noticed that the U.S. dollar ________ largely because monetary policy in the United States had driven interest rates ________
A) depreciated; up B) appreciated; up C) appreciated; down D) depreciated; down
Economics
Refer to the graph. Other things equal, an increase in labor productivity would cause a:
A. move from a to b on D 1 .
B. shift from D 2 to D 3 .
C. shift from D 3 to D 2 .
D. move from b to a on D 1 .
Economics