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Question 4 Not yet answered Points out of 2.50 Flag question An argument for government created monopolies using patents or copyright laws is that they Select one: O a. hinder creativity O b. provide incentives to invest in research, development, and creative endeavors c. increase competition d. increase exposure that can benefit companies and individuals Previous page Next page Question 8 Not yet answered Points out of 2.50 Flag question Which of the following is NOT a characteristic of an oligopoly? Select one: O a. Small number of firms b. Has some pricing power O c. Low barriers to entry O d. The firms are mutually interdependent Question 20 Not yet answered Points out of 2.50 Remove flag In game theory, when a particular strategy produces a better outcome for a person, regardless of what their opponent does, we say it an a(n) Select one: a. Dominant strategy b. Equilibrated strategy c. Efficient strategy d. Surplus maximizing strategy