Besides Generic Names, What Other Types of Names Are Very

question 275

Multiple Choice

Besides generic names, what other types of names are very difficult to protect?

• A) Names created by the company
• B) Surnames and geographic names
• C) Arbitrarily chosen names not related to the product
• D) Arbitrarily chosen names related closely to the product
• E) Names that contain shapes and colors

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Definitions:

International Cartel

An agreement among companies from different countries aimed at controlling production, fixing prices, or limiting competition in the international market.

Collusion

An agreement, usually secretive, between firms to fix prices, limit supply, or divide markets to reduce competition and increase profits.

Allocative Efficiency

A state of resource allocation where it is impossible to make any one individual better off without making at least one individual worse off, maximizing total social welfare.

Oligopolistic Firms

Companies operating in a market structure characterized by a small number of entities dominating the industry, often resulting in limited competition.