Xerox and AT&T are examples of companies that earn most of their revenues from l
ID: 1115220 • Letter: X
Question
Xerox and AT&T are examples of companies that
earn most of their revenues from licensing the patents they own.
reaped little benefit from the major innovations they created.
earned too little profit to have money to invest in R&D.
face so little competition that they see no need to innovate.
earn most of their revenues from licensing the patents they own.
reaped little benefit from the major innovations they created.
earned too little profit to have money to invest in R&D.
face so little competition that they see no need to innovate.
Explanation / Answer
Answer is option D, because AT&T and Xerox are the only seller in the market and thus have large market power. Due to lower competition need for innovation is reduced. As innovation is aproperty exhibited by competitive firms so as to increase their sales.
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.