Business, 03.09.2019 16:10 antcobra

What are private property rights? private property rights are:
a. the rights individuals but not firms have to the exclusive use of tangible, physical property and intellectual property.
b. the rights individuals and firms have to the exclusive use of intellectual property but not tangible, physical property.
c. the rights individuals and firms have to the exclusive use of tangible, physical property and intellectual property. your answer is correct.
d. the rights individuals have to the exclusive use of intellectual property and firms have to the exclusive use of tangible, physical property.
e. the rights individuals and firms have to the exclusive use of tangible, physical property but not intellectual property.
what role do they play in the working of a market system? private property rights:
a. encourage a significant number of people to be willing to risk funds by investing them in business.
b. encourage firms to spend money on research and development.
c. are the basis for international trade.
d. determine what goods and services will be produced.
e. both a and b.

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What are private property rights? private property rights are:
a. the rights individuals bu...

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