Business, 10.02.2020 22:43 ambi121488

Alpen Inc. is a manufacturing firm that holds a patent for a new food processing machine, which is considerably more efficient and safe. Being the only firm that manufactures that product, Alpen Inc. charges a very high price for its products. This is referred to as .

a. monopoly rent
b. technology lag
c. incumbent inertia
d. absorptive capacity

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Alpen Inc. is a manufacturing firm that holds a patent for a new food processing machine, which is c...

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