What are the incentives to innovate for a monopoly firm as, Econometrics

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What are the incentives to innovate for a monopoly firm as

1. What are the incentives to innovate for a monopoly firm as compared with a firm in a competitive market if patent protection is not available?

2. Would you consider the fractional ownership jet taxi industry (NetJets, FlexJets, etc.) to be a contestable market? Why or why not?

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Econometrics: What are the incentives to innovate for a monopoly firm as

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