Once It's Patent Application Has Been Accepted, a Firm Is

question 28

Multiple Choice

Once it's patent application has been accepted, a firm is able to earn _______ on its product, which _______.

• A) an increased rate of return for investors; raises doubts further R&D activities
• B) more profit; will allow it to recover the biggest slice of the social value created
• C) monopoly profits; offers an incentive for research and development to take place
• D) competitive profits; creates incentive for continuing innovative R&D projects

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Definitions:

Blood Pressure Cuff

A device used in conjunction with a sphygmomanometer to measure arterial blood pressure by constricting the arm or leg.

Light-blue-stoppered Tubes

Tubes used in medical blood collection that have a light-blue stopper, indicating they contain an anticoagulant and are typically used for coagulation tests.

Velcro-type Tourniquet

A device that uses Velcro to tightly wrap and compress a limb, restricting blood flow to control bleeding or for medical procedures.

Venipuncture

The puncture of a vein, typically using a needle, to withdraw blood for testing or to administer medications.