Read the Following Scenario, and Answer the Questions Below

question 21

Multiple Choice

Read the following scenario, and answer the questions below.

Pablo and Johanna have to do a yearlong study for their biology course. After some discussion, they decide to propose comparing their dogs and the diet that they feed them to test their hypothesis that the local veterinarian's special dog food mix will enhance growth and development. Each student will adopt a puppy from the local pound. Pablo will feed his shepherd- mix dog the special diet of wet and dry foods from the local vet, while Johanna will use generic dry kibble from the supermarket for her bulldog.

-When Pablo and Johanna write up their initial proposal,the instructor will probably________ .

• A)give them an A for thoroughness,and allow them to proceed with the experiment
• B)tell them to start over-it would take many years to do such a study
• C)tell them they have a serious problem with the proposal,but it is fixable if they are willing to take care of more dogs
• D)tell them that they need at least 100 dogs to do the study

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Definitions:

Exclusive Legal Right

An exclusive legal right is a privilege granted by law to an individual or entity to engage in a particular activity or to use a particular property, which is protected against infringement or unauthorized use by others.

Patent

is a legal right granted to an inventor or assignee, providing exclusive rights to make, use, or sell an invention for a certain number of years in exchange for public disclosure of the invention.

Pure Monopolist

A market situation where a single seller controls all the supply of a product or service with no close substitutes.

Imperfectly Competitive

Describes market structures that do not meet the conditions of perfect competition, often characterized by the presence of market power held by firms.