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1) Describe the principal forms of protection for intellectual assets.
2) Why is the products liability system considered imperfect? Use examples to support your answer.
Here is the link for Q1
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A monopolist produces a product which has high investment cost. The marginal cost of the product is very small ( negligible ). The monopolist has a patent for the product. Show in a chart the price of goods that would arise if the company is unregula..
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Suppose the typical Florida resident has wealth of $500,000 of which his or her home is worth $100,000. Unfortunately Florida is infamous for its hurricanes, and it is belived there is a 10% change of a hurricane that could totally destroy a house (a..
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