Why does the system choose to utilize ex-post enforcement of copyright rather than ex-ante patent protection? Is there an economic rationale for this?
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Q: profit-maximizing
A: The profit maximizing condition for a monopolist is MR= MC Profit maximizing output is 20 units
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A: TC=180+15Q+1.75Q2MC=15+3.5QNow,TR=P×QTR=(90-0.75Q)QTR=90Q-0.75Q2Now,MR=∂TR∂QMR=90-1.5QThus, the…
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Why does the system choose to utilize ex-post enforcement of copyright rather than ex-ante patent protection? Is there an economic rationale for this?
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