If firms incurred no cost in developing new technologies and new products, would there be any need

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If firms incurred no cost in developing new technologies and new products, would there be any need for patents? Briefly explain.

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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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Question Posted: Nov 01, 2017 07:20 AM

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If firms incurred no cost in developing new technologies and new products, would there be any need

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Patents are granted to encourage firms to spend more money on re...View the full answer

Economics

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