Intellectual Property Consists of Which of the Following

question 49

Multiple Choice

Intellectual property consists of which of the following?

• A) Trade secrets
• B) Patents
• C) Trade symbols
• D) All of these are considered intellectual property.

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Definitions:

Parallel Conduct

Form of implicit collusion in which one firm consistently follows actions of another.

Implicit Collusion

An understanding or arrangement among competitors where they cooperate indirectly by making similar business decisions without explicit agreement.

Cartel Activities

Actions taken by a group of independent market participants who collude to raise prices, limit supply, or control markets in some other way.

Sherman Act

A landmark federal statute in the field of United States antitrust law passed in 1890 that prohibits monopolistic practices and promotes competition.