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G202 Krefts Exam 1 | Comprehensive
Key Questions With Verified Answers
patent - correct-answer -right to exclude others from selling/using/producing
trademark - correct-answer -word/name/symbol used to indicate a good's source
and differentiate it from competitors
copy right - correct-answer -right to exclude others from
reproducing/distributing/performing
deter crime and generate revenue - correct-answer -government objectives with
punishments
punishment (F) and probability of getting caught (pi) - correct-answer -which
aspects are strategic for the government?
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probability of getting caught (pi) - correct-answer -which aspects are strategic for
the criminal?
gain (G) and current income (Yo) - correct-answer -which aspects are not strategic
for anyone?
interest group politics - correct-answer -which politics group is the Uber case
relevant to?
fundraising from global investors, high revenues, subsidization from government
for alleviating public transportation congestion - correct-answer -Uber strengths
lots of legal + lobbying + startup costs, revenue doesn't turn into profit, can't just
do economies of scale bc each location has different costs and campaigning,
haven't posted an annual profit in 5 years - correct-answer -Uber weaknesses
efficient scaling in 2-sided market, tech-based reductions in search costs,
avoidance of regulatory costs (insurance, compliance, licensing, labor screening) -
correct-answer -what is uber's competitive advantage?
G202 Krefts Exam 1 | Comprehensive
Key Questions With Verified Answers
patent - correct-answer -right to exclude others from selling/using/producing
trademark - correct-answer -word/name/symbol used to indicate a good's source
and differentiate it from competitors
copy right - correct-answer -right to exclude others from
reproducing/distributing/performing
deter crime and generate revenue - correct-answer -government objectives with
punishments
punishment (F) and probability of getting caught (pi) - correct-answer -which
aspects are strategic for the government?
, 2|Page
probability of getting caught (pi) - correct-answer -which aspects are strategic for
the criminal?
gain (G) and current income (Yo) - correct-answer -which aspects are not strategic
for anyone?
interest group politics - correct-answer -which politics group is the Uber case
relevant to?
fundraising from global investors, high revenues, subsidization from government
for alleviating public transportation congestion - correct-answer -Uber strengths
lots of legal + lobbying + startup costs, revenue doesn't turn into profit, can't just
do economies of scale bc each location has different costs and campaigning,
haven't posted an annual profit in 5 years - correct-answer -Uber weaknesses
efficient scaling in 2-sided market, tech-based reductions in search costs,
avoidance of regulatory costs (insurance, compliance, licensing, labor screening) -
correct-answer -what is uber's competitive advantage?
