A Patent Would Be Appropriate in All but Which One

question 72

Multiple Choice

A patent would be appropriate in all but which one of the following cases?

• A) The discovery of a medical use for moon rocks.
• B) The invention of a miniature portable generator.
• C) The discovery of a method of making soap from sand.
• D) The invention of a fingernail-sized radio.

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Definitions:

Total Surplus

A measure combining the gains of consumers and producers, indicating the overall economic benefit derived from transactions.

Tax

A compulsory financial charge or levy imposed by a government on individuals or entities to fund public expenditures.

Good

A tangible item that is produced or manufactured for sale to consumers in the market.

Market Equilibrium

A condition or state where the supply of a good matches its demand, leading to a stable market price for the good.