Plant Patents Require Which of the Following Elements

question 75

Multiple Choice

Plant patents require which of the following elements?

• A) Distinctiveness.
• B) Novelty.
• C) Nonobviousness.
• D) All of these.

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Definitions:

Marginal Social Cost

The total cost to society of producing one additional unit of a good or service, including both the private costs and any external costs.

Pigouvian Taxes

Taxes designed to reduce external costs.

External Costs

costs inflicted upon a third party when goods and services are produced and consumed.

Tradable Emissions Permits

Licenses to emit limited quantities of pollutants that can be bought and sold by polluters.