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Registration of a Design Gives the Registrant the Right to Prevent

question 70

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Registration of a design gives the registrant the right to prevent others copying:


Definitions:

High Concentration

Refers to a market situation where a small number of firms hold a large market share, indicating less competition.

Creative Destruction

A process in which technological innovation and progress lead to the phasing out of older industries, products, or methods, fostering new growth.

New Products

Items that have been recently introduced to the market, offering new benefits or improvements over previous versions or filling a previously unmet need.

Monopoly Market Positions

Situations where a single firm dominates the market, either in terms of sales, market share, or influence on the product itself.

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