Once it's patent application has been accepted, a firm is able to earn ________ on its product, which ___________________________________ .
A. an increased rate of return for investors; raises doubts further R&D activities
B. more profit; will allow it to recover the biggest slice of the social value created
C. monopoly profits; offers an incentive for research and development to take place
D. competitive profits; creates incentive for continuing innovative R&D projects
Answer:C
Once it's patent application has been accepted, a firm is able to earn ________ on its product, which ___________________________________ .
A. an increased rate of return for investors; raises doubts further R&D activities B. more profit; will allow it to recover the biggest slice of the social value created C. monopoly profits; offers an incentive for research and development to take place D. competitive profits; creates incentive for continuing innovative R&D projects
Explanation: Type: Multiple Choice