IMG_0003_NEW_0026 - R&D irwestments of...

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Patent races o "Patent race" describes the race between firms to innovate first. The winner gets to derrelop and market the product and the loser gets nothing. oFirms in a patent race must anticipate the
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Unformatted text preview: R&D irwestments of competitors: . Tl/ill more R&D increase chances of winning? . Will other firms increase R&D in response? . Hcm marry and how Iarge are competitors? ,l...
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This note was uploaded on 12/29/2011 for the course ECON 6 taught by Professor Dianne during the Fall '10 term at Simon Fraser.

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