QUESTION 1
In the knowledge economy
1. property rights have been altered.
2. all of these choices.
3. increasing returns may occur more often.
4. the supply chain has been decomposed.
QUESTION 2
Some products of the knowledge economy
1. none of these choices.
2. have an initial marginal cost that is very low and thenrises.
3. have an initial marginal cost that is very high and thenfalls to zero.
4. have no marginal costs.
QUESTION 3
For patents to be effective
1. small networks.
2. property rights need to be enforced.
3. network externalities must be realized.
4. there needs to be fewer economies of scope.
QUESTION 4
Diminishing marginal returns to labor means
1. that each additional worker
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