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1. Rights of inventors are found where? 2. What is market failure? Examples. 3. What are externalities? Give examples.( Positive and negative externalities) Perfect Monopolistic

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1. Rights of inventors are found where? 2. What is market failure? Examples. 3. What are externalities? Give examples.( Positive and negative externalities) Perfect Monopolistic Oligopoly Monopoly Competition Competition Many sellers & buyers Government Agencies SEC FDA FTC

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