Why Is It Likely That a Corporation Will Want to Patent

question 48

Multiple Choice

Why is it likely that a corporation will want to patent a genetically engineered product?

• A) Corporations tend to want to do things for the public good.
• B) It costs a lot to genetically engineer a product and they wouldn't want anyone else profiting from their investment.
• C) It costs a lot to genetically engineer a product and the company will want to share it as much as possible to make a profit.
• D) So it can't be used by anyone else in further research.
• E) Because they would typically want all the credit for developing something that might help society.

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Definitions:

Recessions

Economic downturns marked by decreasing industrial production, employment, and sales, often lasting from a few months to more than a year.

Frictional Unemployment

The short-term unemployment that arises from the process of workers moving between jobs or into the labor market.

Voluntary Quits

The act of employees leaving their job out of their own volition, often indicative of a strong job market or better opportunities elsewhere.

Job Seekers

Individuals actively looking for employment or exploring the job market.