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Q. 1. "Patent systems can be worthwhile if induced innovations are important also if the rewards from patents speed them up." Explain why this statement is true.
2. Explain why under normal conditions of time-cost trade-offs also benefit curves, a dominant firm will usually lean toward imitating rather than innovating.
3. Discuss three industries with high degrees of technological opportunity also three industries with very low technological opportunity. Illustrate what evidence helps you to make these judgments?
4. Explain the replacement effect, which may cause monopoly firms to innovate less rapidly.
5. Discuss three leading families whose wealth arose at least partly from monopoly. Is their wealth still important?
6. Discuss the values that are provided by competition itself.
These are review questions from the Innovation, Fairness, also Other Values chapter from Shepherd's 5th edition of The Economics of Industrial Organization textbook.
Compare the effects of these two policies in terms of their implications for the current account.
Explain how labor market equilibrium is affected by the supply also demand of labor.
What would be a short-term impact on the production of the corporation. Illustrate what would be the long term.
Explain why the R-squared from the regression from F test will always be at least as large as the R-square from the BP regression.
What do you think Indonesia's best interests were served by limiting Cemex's FDI in the country.
Depreciation taken in the third year if the machine is also sold during the third year.
Illustrate what is the equilibrium to this game.
Explain why government regulation is or is not needed, citing the major reasons for government involvement in a market economy. Provide support for your explanation.
Evaluate the U.S. nursing shortage in terms of demand and supply.
In 2012, Balnur taught music and earned $20,000. She also earned $4,000 by renting out her basement. On January 1, 2013, she quit teaching, stopped renting out her basement, and began to use it as the office for her new Web site design business.
Offering group medical coverage to large firms and requiring all employees to participate in the coverage.
Elucidate Average costs are minimized when marginal costs are at their lowest point.
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