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Director
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 [#permalink] New post 03 Nov 2006, 19:14
Cheering for B
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Manager
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Patents [#permalink] New post 03 Nov 2006, 21:31
When a company refuses to allow other companies to produce patented technology, the consumer invariably loses. The company that holds the patent can charge exorbitant prices because there is no direct competition. When the patents expire, other companies are free to manufacture the technology and prices fall. Companies should therefore allow other manufacturers to license patented technology.

The argument above presupposes which of the following?

A . Companies cannot find legal ways to produce technology similar to patented technology.
B . Companies have an obligation to act in the best interest of the consumer.
C . Too many patents are granted to companies that are unwilling to share them.
D . The consumer can tell the difference between patented technology and inferior imitations.
E . Consumers care more about price than about quality.
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Re: Patents [#permalink] New post 03 Nov 2006, 21:33
nischalb wrote:
When a company refuses to allow other companies to produce patented technology, the consumer invariably loses. The company that holds the patent can charge exorbitant prices because there is no direct competition. When the patents expire, other companies are free to manufacture the technology and prices fall. Companies should therefore allow other manufacturers to license patented technology.

The argument above presupposes which of the following?

A . Companies cannot find legal ways to produce technology similar to patented technology.
B . Companies have an obligation to act in the best interest of the consumer.
C . Too many patents are granted to companies that are unwilling to share them.
D . The consumer can tell the difference between patented technology and inferior imitations.
E . Consumers care more about price than about quality.


Based on the highlighted text, I will choose B :wink:

We discussed this question recently.
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Manager
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 [#permalink] New post 04 Nov 2006, 09:21
Yeah every business school applicant should know that companies don't necessarily act in he bets interest of the consumers :)
Intern
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 [#permalink] New post 05 Nov 2006, 06:04
I vote for B
  [#permalink] 05 Nov 2006, 06:04
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