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The reason that innovation promotes competition is because A. firms use it to make competitors' products obsolete in themarket. B. government provides patent protection for

The reason that innovation promotes competition is because

A. firms use it to make competitors' products obsolete in themarket.

B. government provides patent protection for innovation thatlasts for a long time.

C. it lowers the research and development costs for innovativefirms.

D innovative firms can charge any price they want for a newproduct.

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