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Often, patents (or some sort of reward for innovation) are needed in order to encourage investment in the search for the cure of various diseases.
Often, patents (or some sort of reward for innovation) are needed in order to encourage investment in the search for the cure of various diseases. In this exercise we study the different policy instruments available to induce the monopolist to produce the socially optimal amount of a coronavirus vaccine
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Economics for Managers
Authors: Paul G. Farnham
3rd edition
132773708, 978-0133561128, 133561127, 978-0132773706
