Why does the government allow some markets to be monopolized by granting patents?
a. to promote a more equal distribution of income
b. to correct for negative externalities
c. to promote technological progress
d. to ensure lower prices for consumers in the short run
c
Economics
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The efficient markets hypothesis indicates that investors
A) can use the advice of technical analysts to outperform the market. B) do better on average if they adopt a "buy and hold" strategy. C) let too many unexploited profit opportunities go by if they adopt a "buy and hold" strategy. D) do better if they purchase loaded mutual funds.
Economics
The Coase theorem proves that externalities will be neutralized by bargaining
Indicate whether the statement is true or false
Economics