Which of the following is issued to an investor to provide protection from having the invention copied or stolen for 20 years?
A. a license
B. a certificate of convenience
C. a patent
D. a natural monopoly
Answer: C
Economics
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The discount rate is sometimes also known as the primary credit rate
Indicate whether the statement is true or false
Economics
If the market demand increases for a good sold in a perfectly competitive market, individual firms in the market:
A. will be able to charge a higher price for their product. B. will need to lower price in order to remain competitive. C. will not be able to change their price. D. will begin earning economic losses.
Economics