Which of the Following Statements Is True of Patenting a Scientific

question 35

Multiple Choice

Which of the following statements is true of patenting a scientific principle?

• A)Patent for a scientific principle has to be applied for directly at the U.S.Court of Appeals for the Federal Circuit.
• B)A scientific principle can only be patented if it is a part of the tangible environment.
• C)Patent for a scientific principle has to be applied for at the U.S.Patent and Trademark Office.
• D)A scientific principle can only be patented once a universal consensus has been reached on its validity.

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Definitions:

Demand

The quantity of a product or service that consumers are willing and able to purchase at various prices during a certain period of time.

Demand

The quantity of a product or service that consumers are willing and able to purchase at various price levels at a given time.

Price

The monetary amount anticipated, imperative, or tendered in exchange for something.

Price-discriminating Monopolist

A monopolist that charges different prices to different consumers or groups of consumers for the same product or service, to maximize profit.