To Simplify Making Payments to the USPTO, Many Applicants Establish

question 27

Short Answer

To simplify making payments to the USPTO, many applicants establish a ______ with the USPTO, against which funds due to the USPTO may be drawn.

---

Definitions:

Efficient Amount

The quantity of a product or service that achieves a perfect balance between economic efficiency and the satisfaction of all market participants.

Government Intervention

Actions taken by a government to adjust or interfere in the economic affairs of a nation, with the intention of achieving economic or societal objectives.

External Cost

Costs of a transaction that affect people other than the buyer or seller, typically not reflected in the market price, such as pollution or other negative externalities.

Negative Production Externality

An economic situation where the production process results in a harmful effect on third parties or the environment, which is not reflected in the cost of production.