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Which one of the following tests is an example of an empirically based test?
Patents
Legal documents that grant an inventor exclusive rights to manufacture, use, or sell an invention for a certain number of years.
Monopoly Power
The control held by a single entity over the entire market for a product or service, allowing it to significantly influence or set prices.
Lawsuits
Legal actions taken by one party against another for the redress of grievances in a court of law.
Wal-Mart
A multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores.
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