After a Patent on a Product Expires

question 102

Multiple Choice

After a patent on a product expires,

• A) other firms must wait to mimic the product.
• B) all negative and positive externalities are internalized.
• C) rivals can start to mimic the product.
• D) no other firms can mimic the product.
• E) no further profits are able to be made by the original producer of the good.

---

Definitions:

Scroll Bars

Interface components that enable users to navigate through content that extends beyond the visible area of the screen by moving the content up, down, left, or right.

Zoom Slide

A feature in presentations that allows a presenter to focus on and enlarge a specific part of a slide for emphasis.

Status Bar

An area at the bottom of an application window that displays information about the current state of the program, such as cursor position or progress indicators.

Line Spacing

The distance between lines of text in a document, which can be adjusted to improve readability or fit more text on a page.