To Be Protected by Federal Law,a Mark Must Be Distinctive

question 4

Multiple Choice

To be protected by federal law,a mark must be distinctive enough to identify clearly the origin of the goods or services.A trade symbol may satisfy the distinctiveness requirement by,in certain circumstances:

• A) being a descriptive or geographic designation.
• B) being inherently distinctive.
• C) acquiring distinctiveness through a secondary meaning.
• D) All of these.

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Definitions:

Economic Profit

The difference between a firm's total revenues and the sum of its explicit and implicit costs, indicating its overall financial health beyond just accounting profits.

Ideal Economic Efficiency

Achieving the optimum level of output and resource allocation where no individual or preference can be made better off without making someone else worse off.

Monopolist

A market participant that is the sole seller of a good or service, with significant control over its price.

Output Increase

Refers to a rise in the quantity of goods or services produced by an individual, company, or economy over a given period.