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Basic Question 1 of 22

Patents do all of the following except ______

I. generate monopoly profits.
II. increase research and development.
III. increase quantity produced above its competitive level.
IV. raise market price above its competitive level.
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User Contributed Comments 2

User Comment
johntan1979 Absence of patents discourages R&D and slows innovation.
choas69 CFA passing guide:
1- make a mistake.
2- Learn
3- dont do the mistake in the exam.
4- pass.
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz

Tamara Schultz

Learning Outcome Statements

describe characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly

CFA® 2025 Level I Curriculum, Volume 1, Module 1.