If a company's legal team determines that a new manufacturing method it is developing qualifies for patent protection, then the firm's price would be equal to its marginal price in both the short- and long-term.
Which kind of production do you mean?
Production is the act of merging diverse immaterial input (plans, knowledge) with material inputs to create something that is intended for consumption (output). It is the process of producing a product, a product or service that has value and enhances people's usefulness.
What are examples and production?
An example of production is the manufacture of cars. Parts are put together to create cars. For instance, metal bodies are given rubber tires to make the seats inserted before.
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