Use This Fact Situation to Answer the Related Questions That

question 7

Multiple Choice

Use this fact situation to answer the related questions that follow. John Bigs has been in business selling T-shirts for three years now.His T-shirts are called "Bigs" and have the silver and red logo design JB on the left front breast area.The entire public knows John's T-shirts by the name Bigs and the logo JB.John has just heard that another company is contemplating making T-shirts like his own using a logo in silver only that reads JB and intends to call them "BGs."
At common law

• A)the name Bigs is John's trademark.
• B)the logo JB is John's trade name.
• C)the name Bigs is John's trade name and the logo JB is his trademark.
• D)only the name Bigs is John's trade name,but the logo is not a trademark.
• E)the silver and red logo JB is John's trade name.

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Definitions:

Economic Efficiency

A state where resources are allocated in a way that maximizes the production of goods and services.

External Cost

Uncompensated costs that individuals or firms impose on others outside of market transactions, often associated with pollution.

Pollution Tax

A financial charge imposed on the emission of pollutants, intended to motivate reductions in harmful environmental discharges.