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2 years ago

If a legal monopoly owns the exclusive rights to a good for 20 years, it has a ________ for that good.

Business

1 answer:

Nastasia [14]2 years ago

4 0

If a legal monopoly owns the exclusive rights to a good for 20 years, it has a patent for that good.

What do you mean by monopoly?

Monopoly translates to "alone to sell." When there is only one vendor of a given commodity, there is little to no intense rivalry from other sellers. We'll examine the characteristics of a monopoly market in this post.

What do u understand by patent?

An innovator receives a property right known as a patent from a government body. In exchange for full disclosure of the innovation and for a set amount of time, a patent grants the creator exclusive rights to the patented process, design, or invention.

Learn more from monopolies: brainly.com/question/13113415

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What line on a production possibilities curve shows the amounts of goods produced?

Lesechka [4]

The line on a production possibilities curve that shows the amounts of goods produced is called production possibilities frontier.

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3 years ago

Read 2 more answers

On September 3, 2021, the Robers Company exchanged equipment with Phifer Corporation. The facts of the exchange are as follows:

GREYUIT [131]

Based on the information given the appropriate journal entries to record the exchange for both Robers and Phifer are:

Robers entries

Debit Equipment (new) $77,000

Debit Accumulated Depreciation $111 000

Debit Cash $19,000

Credit Equipment $190,000

Credit Gain on Sale $17,000

($77,000+$111,000+$19,000-$190,000)

Phifer's entries

Debit Equipment(new) $96,000

Debit Accumulated depreciation $119,000

Debit Loss on Sale $14,000

($210,000+$19,000-$96,000-$119,000)

Credit Equipment $210,000

Credit Cash $19,000

Learn more about journal entries here:brainly.com/question/24696035

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3 years ago

he University Health Center receives 500 flu vaccinations at the beginning of each flu season. Suppose they offer these vaccines

wariber [46]

Answer: 1. STATEMENT 1

2. It has achieved efficiency.

Explanation:

1. The students who will pay for them at that price will receive the vaccines if the university health center sell them for this price. In this case the theory of free market comes into play, those who have the money will get the resources.

2. The free market theory helps to establish efficiency. If the resources were to be distributed for free the demand will exceed supply resulting in inefficient use of resources.

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3 years ago

In the context of work team processes, cooperative teamwork skills: Group of answer choices include the ability to have access t

Arisa [49]

Answer:

(D) include open communication, trust, personal integrity, positive interdependence, and mutual support.

Explanation:

With respect to the process made for the work team, the skills of the cooperative teamwork generally involves the open communication so that there is no misunderstand, also it includes the trust, mutual support, and other things so that the employees feel comfortable and they dont hesitate while asking anything

So as per the given situation, the above should be the answer

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3 years ago

In the past, ___________________ was an important advertising strategy used in movies. Now it is also used with video games. It

Marysya12 [62]

Answer:

venture capital

Explanation:

A venture capitalist is a person or company that provides start-up funding in return for a share in the company's ownership.

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3 years ago