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If you applied for and obtained a patent, copy right, or some form of monopoly protection for your good or service. Indicate what happens to
If you applied for and obtained a patent, copy right, or some form of monopoly protection for your good or service.
- Indicate what happens to thefirm'sdemand curve for your good or service.
- Describe how the monopoly price and quantity is different from the perfectly competitive price and quantity?
- Discuss the prospects for your small business in the long run.
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