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Basic Question 1 of 22
Patents do all of the following except ______
II. increase research and development.
III. increase quantity produced above its competitive level.
IV. raise market price above its competitive level.
I. generate monopoly profits.
II. increase research and development.
III. increase quantity produced above its competitive level.
IV. raise market price above its competitive level.
User Contributed Comments 2
| User | Comment |
|---|---|
| johntan1979 | Absence of patents discourages R&D and slows innovation. |
| choas69 | CFA passing guide: 1- make a mistake. 2- Learn 3- dont do the mistake in the exam. 4- pass. |
I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
describe characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly
CFA® 2024 Level I Curriculum, Volume 1, Module 1.