Which of the Following Is an Example of Intellectual Property

question 12

Multiple Choice

Which of the following is an example of intellectual property?

• A) 3Derm System's cash reserves
• B) The computer that you use
• C) Nike's swoosh logo
• D) United's fleet of planes
• E) Google's headquarters in Mountain View, California

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Definitions:

MR = MC

An economic principle where a firm maximizes its profit when its Marginal Revenue equals Marginal Costs.

Marginal Revenue

The extra income obtained from the sale of an additional unit of a product or service.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good which consumers are willing to purchase.

Quantity Axis

A graphical representation element used in economics to indicate quantities, such as quantities of goods produced or sold.