Multiple Choice
In the context of the development of economics as a discipline, what were the primary concerns and aims of France and Britain during the early stages of economic thought?
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0. Basic Principles of Economics
Introduction to Economics
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Join thousands of students who trust us to help them ace their exams!Watch the first videoMultiple Choice
In the context of patents, what is a potential problem that may arise when patents are defined too narrowly?
A
It makes it easier for patent holders to enforce their rights against infringers.
B
It increases the likelihood of monopolies forming in the market.
C
It encourages firms to invest more in research and development.
D
It may lead to excessive fragmentation of rights, making it difficult to combine technologies for innovation.
Verified step by step guidance1
Understand the role of patents: Patents grant exclusive rights to inventors for a limited time, encouraging innovation by allowing them to profit from their inventions.
Recognize what it means for patents to be defined narrowly: Narrow patents cover very specific aspects or small components of a technology rather than broad inventions.
Analyze the consequence of narrow patents: When patents are too narrow, many different patents may cover small parts of a single technology, leading to multiple rights holders.
Identify the problem of fragmentation: This fragmentation means that to develop or combine technologies, firms must negotiate with many patent holders, increasing transaction costs and complexity.
Conclude that excessive fragmentation can hinder innovation: Because combining technologies becomes difficult and costly, narrow patents may unintentionally slow down the overall innovation process.
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