Chapter 9: Problem 13
What legal mechanisms protect intellectual property?
Chapter 9: Problem 13
What legal mechanisms protect intellectual property?
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Get started for freeIf Congress reduced the period of patent protection from 20 years to 10 years, what would likely happen to the amount of private research and development?
What is a barrier to entry? Give some examples.
For many years, the Justice Department has tried to break up large firms like IBM, Microsoft, and most recently Google, on the grounds that their large market share made them essentially monopolies. In a global market, where U.S. firms compete with firms from other countries, would this policy make the same sense as it might in a purely domestic context?
ALCOA does not have the monopoly power it once had. How do you suppose their barriers to entry were weakened?
Classify the following as a government-enforced barrier to entry, a barrier to entry that is not governmentenforced, or a situation that does not involve a barrier to entry. a. A city passes a law on how many licenses it will issue for taxicabs b. A city passes a law that all taxicab drivers must pass a driving safety test and have insurance c. A well-known trademark d. Owning a spring that offers very pure water e. An industry where economies of scale are very large compared to the size of demand in the market
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