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Governments grant patents to (Multiple Choice Question)

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8 years ago

Governments grant patents to (Multiple Choice Question)

Governments grant patents to
A) compensate firms for research and development costs.
B) encourage competition.
C) encourage low prices.
D) encourage firms to reveal secret production techniques.

Textbook

Essentials of Economics

Edition: 4^th

Authors: Hubbard, O'Brien

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