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For many years, Thomas Edison and General Electric faced no competition in selling their new product of electric light bulbs. Edison invested in the creation

For many years, Thomas Edison and General Electric faced no competition in selling their new product of electric light bulbs. Edison invested in the creation of a modern cost-effective electric light bulb. What type of government policy assisted in General Electric's ability to profit from this invention? patent the law of diminishing returns tax cut research and development subsidy

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