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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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