Asked by
Brandon Jackson
on Nov 05, 2024
Verified
________ slow(s) the flow of benefits from research and development to consumers.
A) Patents
B) Technology
C) Competition
D) Economies of scale
Patents
Legal documents granting an inventor exclusive rights to produce, use, and sell an invention for a certain number of years.
Research And Development
A business or government activity that involves the study and creation of new products, services, or discoveries.
- Evaluate the ramifications of monopolies within the marketplace on economic health and societal welfare, with a focus on consumer benefits and efficiency.
Verified Answer
JL
Learning Objectives
- Evaluate the ramifications of monopolies within the marketplace on economic health and societal welfare, with a focus on consumer benefits and efficiency.