A patent gives an innovating firm how many years of legal protection from competition?

Which of the following is a behavioral implication of bounded rationality?

A) unbounded selfishness B) a rule of thumb C) a rational mistake D) a nervous breakdown

Reinvestment makes up about ______ of a typical firm’s funding.

a. 1/4 b. 1/2 c. 2/3 d. 3/4