The Netherlands abolished its patent system in 1869. What did subsequent innovation in the Netherlands teach us about patents? Since more low-income households started inventing, patents must be an exclusive institution Since fewer women were inventing, patents are an inclusive institution Patents aren't necessary for innovation, but they can affect the types of innovation we get. Without patents, societies become stagnant

The Netherlands abolished its patent system in 1869. What did subsequent innovation in the Netherlands teach us about patents? Since more low-income households started inventing, patents must be an exclusive institution Since fewer women were inventing, patents are an inclusive institution Patents aren't necessary for innovation, but they can affect the types of innovation we get. Without patents, societies become stagnant

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter12: Firms In Perfectly Competitive Markets

Section: Chapter Questions

Problem 15P

See similar textbooks

Similar questions

Intellectual property laws are intended to promoteinnovation, but some economists, such as MiltonFriedman, have argued that such laws are not desirable.In the United States, there is no intellectual propertyprotection for food recipes or for fashion designs.Considering the state of these two industries, andbearing in mind the discussion of the inefficiency ofmonopolies, can you think of any reasons whyintellectual property laws might hinder innovation insome cases?
Provide detailed answer to each of the followinga) Various skills required by entrepreneurs with proper examples for each from thescenario of Pakistanb) Various risks associated with entrepreneurship with proper examples for eachfrom the scenario of Pakistanc) Various characteristics of any two forms/ types of entrepreneurshipd) Advantages of entrepreneurshipe) Discuss contribution of any two leading technopreneurs with the significance oftheir entrepreneurship
ls the free market (capitalism) approach a better way to sustainability or do we need more regulation and government interference in this area?
what specific educational reforms should be made to ensure that thepoor and middle-income students would have a greater chance to be admitted in thestate universities and colleges in the country?
If 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?
Explain the pros and cons of using a patent system to incentivize innovation.
QUESTION 31Patents, copyrights, and trademarks establish ownership rights over what type of property?IntellectualRealTangibleNon-performingStolen QUESTION 32Which of the following statements is true about most Western societies?In Western societies social groups, rather than individuals, are the basic building blocks of social organization.The value systems of many Western societies emphasize individual achievement.In Western societies, the social standing of individuals is merely a function of who they work for.The emphasis on individuals in Western societies has led to a low level of entrepreneurial activity.It is easier to build and manage teams within organizations in Western societies. QUESTION 33Which of the following helps a firm to preempt available demand, gain cost advantages related to volume, and build an enduring brand ahead of later competitors?Monopolistic practicesComparative advantagesAbsolute advantagesFirst-mover advantagesMercantilism QUESTION 34Which products are…
Let’s assume that in California a corporation that produces electricity controls the market where its electricity is purchased and sold, then it would most probably Group of answer choices have legal protection to prevent copying its methods of production for commercial use. cut production, raise prices and realize positive economic profits. have a patent giving it exclusive legal rights to make, use, and sell for a limited time. export its product to other countries.
What particular governance devices are helping or hindering good governance in these countries (Germany, Japand and China) that are changing their governance systems? Please explain.
2. The purpose of an ordeal mechanisms is to separate those who truly need assistance fromthose who can support themselves. True, False, or Uncertain? Support your answer with anexplanation (one to two sentences) or a diagram.
Describe, citing a case in the country, what is the Urban Giantism Problem.
Each time a song is played on the radio, the record company and the songwriter are paid a royalty of $0.30.Of the total, 75% goes to the company and the rest to the writer. If on a network of 50 radio stations, a certainsong is played 4 times a day during the first week and then 20 times a day for the next three weeks, how muchdoes the network owe in royalties for the four weeks? How much do the record company and the songwriterreceive each