Which of the following is an example of an industry in which cross-licensing agreements are increasingly becoming common?
A)Glass-blowing
B)Biotechnology
C)Organic farming
D)Basketry
E)Weaving

Question

Quizplus · Accepted Answer

Cross-licensing agreements enable firms to hold each other hostage, which reduces the probability that they will behave opportunistically toward each other. Such cross-licensing agreements are increasingly common in high-technology industries.

Which of the Following Is an Example of an Industry