Elephants Are Endangered,but Cows Are Not Because

question 148

Multiple Choice

Elephants are endangered,but cows are not because

• A)cows are not as valuable as elephants.
• B)elephants are a common resource, while cows are a private good.
• C)cows are a common resource, while elephants are a private good.
• D)it is legal to kill cows but not elephants.

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Definitions:

Licensing

A business arrangement in which one company allows another to use its trademark, patent, software, or other intellectual property for a fee or royalty.

Contractual Agreement

A legally binding agreement between two or more parties with mutually agreed-upon terms and conditions.

Royalty

A payment made to the owner of certain types of rights, such as patents or copyrights, for the use of their property by others.

Licensing

The granting of permission by the owner of a product or service to another party to use the product or service under specified conditions.