A Barrier to Entry That Grants Exclusive Use of an Invented

question 257

Multiple Choice

A barrier to entry that grants exclusive use of an invented product or process to the inventor is called

• A) a government franchise.
• B) a patent.
• C) economies of scale.
• D) the ownership of a scarce resource.

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Definitions:

Developing Fetus

A prenatal human between the embryonic state and birth, during which period all major organs and structures begin to develop.

Placenta

An organ that develops in the uterus during pregnancy to provide oxygen and nutrients to the growing baby, while removing waste products from the baby's blood.

Sperm Cells

Male reproductive cells that contain genetic material and are capable of fertilizing a female's egg to create a zygote.

Egg Cells

The female reproductive cell or gamete, involved in sexual reproduction and known as an ovum.