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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 using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
describe characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly
CFA® 2025 Level I Curriculum, Volume 1, Module 1.