Which of the Following Is NOT Correct About Patents

question 65

Multiple Choice

Which of the following is NOT correct about patents?

• A) Patents encourage invention of new products.
• B) Patents stimulate innovation.
• C) A patent is a barrier to entry.
• D) Patents enable a firm to be a permanent monopoly.
• E) Patents are granted to the inventor of a product or service.

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Definitions:

Silicone RTV

A room-temperature-vulcanizing silicone used as a sealant or adhesive, capable of forming durable, flexible seals resistant to temperature and moisture.

Sealed Trailer

A type of trailer designed to be completely closed off from external elements, often used for the transportation of goods that require protection from the environment.

Semi-Trailer Dump Box

A type of dump truck where the dump box is supported at the rear by its own axles and at the front by a detachable tractor unit.

Cubic Capacity

Measures the volume of an engine's cylinders, usually referred to in cubic centimeters (cc) or litres (L), which indicates the engine's power capacity.