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Have a question pertaining to the following Economics problem on growth. Question 1 of 3 - HW 6.3 - Ch. 22 x C Get Homework

Have a question pertaining to the following Economics problem on growth.

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Question 1 of 3 - HW 6.3 - Ch. 22 x C Get Homework Help With Chegg X C Chegg Customer Service Phone | X Homework Help - Q&A from Onl x + X - -> C D assessments.macmillanlearning.com/sac/4576005#/4576005/0/-1 F.+ #1 of 3 Questions 0 of co Attempts Economic Growth - End of Chapter Problem 2 Question 100% You've started developing an app that examines students' personalities and other characteristics, and sorts them into highly 1 of co Attempts Correct effective study groups. Using the cost-benefit principle, compare your incentives to innovate and develop the software if (1) anyone could just copy your code and sell it or (2) the government allowed you to patent your code. How do your marginal 3 Question 95% 2 of co Attempts benefits differ with and without intellectual property laws? Correct If the app is freely available to anyone, the incentive to expend the effort to develop it On the other hand, if the app is protected by a patent, the incentive to develop it grows property rights the marginal benefits of innovations. grows not change do not change shrinks KS increase does not change decrease Type here to search 9 9:24 PM 71'F Raining 7/1/2021

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