Compare and contrast the different intellectual property rights in terms of the following criterion: (1) definition (2) criteria (3) years of protection (4) advantage (5) disadvantage Intellectual Property Right 1. Patent Right 2. Utility Model Right 3. Copyright 4. Design Right 5. Trademark Right Definition Criteria Years of Protection Intellectual Property Right 1. Patent Right 2. Utility Model Right 3. Copyright 4. Design Right 5. Trademark Right Advantage Disadvantage

Compare and contrast the different intellectual property rights in terms of the following criterion: (1) definition (2) criteria (3) years of protection (4) advantage (5) disadvantage Intellectual Property Right 1. Patent Right 2. Utility Model Right 3. Copyright 4. Design Right 5. Trademark Right Definition Criteria Years of Protection Intellectual Property Right 1. Patent Right 2. Utility Model Right 3. Copyright 4. Design Right 5. Trademark Right Advantage Disadvantage

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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nd QUESTION 1 ication Match each of the terms to their description: esources Market Structure A. many firms sell identical products B. many firms sell similar, but not identical, products C. one firm sells a unique product D. a small number of firms control a market Perfect Competition Monopoly Monopolistic Competition the specific industry conditions that define the type of E. model Oligopoly
Zuma ("Z") High price Low price High price "Z earns $3 million Wide Awake ("W") "Z" earns $4 million "W" earns $3 million "W" earns $1 million Low price "Z" earns $1 million "Z" earns $2 million "W earns $4 million "W earns $2 million Two rival oligopolists in the coffee industry, Wide Awake and Zuma, have to decide on their pricing strategy. Each can choose either a high price or a low price. The above figure shows the payoff matrix with the profits that each firm can expect to earn depending on the pricing strategy it adopts and is used in the next five questions.
II. Problem 1. Tennis Products, Inc., produces three models of high-quality tennis rackets. The following table contains recent information on the sales, costs, and profitability of the three models: Average Quantity Sold (Units/Month) 15,000 5,000 10,000 Variable, Cost per Contribution Current Price Total Margin Per Unit Contribution Model Revenue Unit Margin* $225,000 85,000 250,000 $560,000 A $30 $450,000 175,000 450,000 $1,075,000 $15 $15 B 35 18 17 C 45 20 25 Total * Contribution to fixed costs and profits. The company is considering lowering the price of Model A to $27 in an effort to inçrease the number of units sold. Based on the results of price changes that have been instituted in the past, Tennis Products' chief economist estimates the arc price elasticity of demand to be -2.5. Furthermore, she estimates the arc cross elasticity of demand between Model A and Model B to be approximately 0.5 and between Model A and Model C to be approximately 0.2. Variable costs per unit are…
QUESTION 3 Which of the following are feasible strategies for defending against a disruptive technology? O Acquire the entrant with the disruptive technology. Enhance sustaining innovation of the incumbent technology to maintain a competitive edge. Set up innovation that competes directly with the disruptive technology. All of these are feasible strategies.
Below are businesses and a series of questions. Please help me fill in the table. You will have to use the answers to the questions to figure out which market type each business fits into. Below are the potential answers to questions 3 through 9 on the table.: POTENTIAL ANSWERS 3. Size of Market Global, National, Regional, Local 4. Number of Buyers Many or Few 5. Number of Sellers Many, Few or One 6. Product Type Identical, Differentiated, Unique 7. Barriers to Entry High, Medium or Low 8. If high, why? Control Over Resources, Economies of Being Established, Economies of Scale, Legal Barriers (patents, licenses, ect.), Required Scale for Innovation, Economies of Platform 9. Market Type Perfect Competition, Monopolistic Competition, Oligopoly, Monopoly Here's an Example Table Below: 1. Business Bank of America 2. Industry Banking 3. Size of Market National 4. Number of Buyers Many 5. Number of Sellers…
Patents restrict competing firms from copying new technologies and are therefore a barrier to entry. What would happen in the renewable energy markets if patents were no longer awarded? Select one: a. Renewable energy prices would fall, and research into new energy technologies would increase. b. Current renewable energy companies would suffer, but new companies would benefit. c. Renewable energy markets would shrink, and energy prices would rise. d. Research into new energy technologies would fall, and new companies would enter renewable energy sectors which they can copy.
Below are businesses and a series of questions. Please help me fill in the table. You will have to use the answers to the questions to figure out which market type each business fits into. Below are the potential answers to questions 3 through 9 on the table.: POTENTIAL ANSWERS 3. Size of Market Global, National, Regional, Local 4. Number of Buyers Many or Few 5. Number of Sellers Many, Few or One 6. Product Type Identical, Differentiated, Unique 7. Barriers to Entry High, Medium or Low 8. If high, why? Control Over Resources, Economies of Being Established, Economies of Scale, Legal Barriers (patents, licenses, ect.), Required Scale for Innovation, Economies of Platform 9. Market Type Perfect Competition, Monopolistic Competition, Oligopoly, Monopoly Here's an Example Table Below: 1. Business Bank of America 2. Industry Banking 3. Size of Market National 4. Number of Buyers Many 5. Number of Sellers…
Explain the market structure continuum? Select one: a) Oligopoly-Pure Monopoly-Pure Competition-Monopolistic Competition b) Pure Monopoly-Monopolistic Competition-Oligopoly-Pure Competition c) Monopolistic Competition-Oligopoly-Pure Competition-Pure Monopoly d) Pure Competition-Oligopoly-Pure Monopoly-Monopolistic Competition e) Pure Competition-Monopolistic Competition-Oligopoly-Pure Monopoly
Complete Table 1 by computing the Total Revenue, Marginal Revenue, Total Cost, and Profit columns, each rounded to two decimal places. The cost of duplicating a video on a DVD and mailing the DVD, the Marginal Cost, is $5.56. Table 1 Suggested Donation per DVD Request Anticipated Number of DVD Requests Total Revenue Marginal Revenue Total Cost Profit $19.00 0 0 0 0 0 $15.00 2 $9.50 5 $7.75 9 $3.00 15 $0.00 24 The President wants the GSTCG to provide videos to generate the most possible donations (Total Revenue). What price is the President of the GSTCG favoring and how many people will receive the DVD if this becomes the price of the suggested donation? Explain your answers. The Education Outreach Committee wants the GSTCG to provide videos to the most possible number of people. What price is the Educational Outreach Committee favoring…
Explain the differences in the nature and source of innovation rents and economic rents earned by firms in a differentiated goods market?
J Copyright © McGraw-Hill Education. Permission is granted to reproduce for classroom use. NAME DATE CLASS Math Practice for Economics Comparing Prices among Competitors networks Background information: The candy industry in the United States could be defined as an oligopoly because just three companies make 99.4% of snack size chocolates. The big three companies are Hershey's, Mars, and Nestle. All three companies use much of the same ingredients, so how do they compete against one another? This is primarily done through price. Directions: The two tables below show what a snack size chocolate costs from the various candy makers, big and small. Read the table below. Then, answer the following questions using the information in the table. 110 ct bag $18.12 = 16 cents each Walmart Amazon Hershey's 215 ct. bag $13.88 = 6 cents each 100 ct. bag $12.81 = 13 cents each Mars 230 ct. bag $13.88 = 6 cents each Nestle 70 ct. bag $8.98 = 13 cents each 55 pc. Bag $17.96 = 33 cents each Candy…
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