A ________ Is a Provision Requiring a Licensee to Acquire

question 77

Multiple Choice

A ________ is a provision requiring a licensee to acquire or use, apart from the technology wanted, goods or personnel designated by the licensor.

• A) noncompetition clause
• B) price-fixing clause
• C) tying clause
• D) no-challenge clause

---

Definitions:

Deadweight Loss

A loss of economic efficiency that can occur when equilibrium for a good or a service is not achieved or is not achievable.

Agricultural Market

A marketplace for the buying and selling of agricultural products, such as crops and livestock, often influenced by government policies.

Binding Price Floor

A government-imposed price control or limit that sets a minimum price above the equilibrium price, leading to surplus in the market.

Price Paid

The actual amount of money exchanged for a good or service.