Which of the Following Is NOT Correct About Patents

question 83

Multiple Choice

Which of the following is NOT correct about patents?

• A) Patents stimulate innovation.
• B) Patents are granted to the inventor of a product or service.
• C) Patents encourage invention of new products.
• D) A patent is a barrier to entry.
• E) Patents enable a firm to become a permanent monopoly.

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Definitions:

Uniform Law

A model law created by the National Conference of Commissioners on Uniform State Laws and/or the American Law Institute for the states to consider adopting. If a state adopts the law, it becomes statutory law in that state. Each state has the option of adopting or rejecting all or part of a uniform law.

Statutory Law

The body of law enacted by legislative bodies (as opposed to constitutional law, administrative law, or case law).

Secondary Source

Information that has been compiled, summarized, or quoted from primary sources, often used in academic and historical research.

U.S. Constitution

The foundational legal document of the United States that outlines the framework of the government and its powers.