Allowing an Inventor to Have the Exclusive Rights to Market

question 260

Multiple Choice

Allowing an inventor to have the exclusive rights to market her new invention will lead to (i) a product that is priced higher than it would be without the exclusive rights.
(ii) desirable behavior in the sense that inventors are encouraged to invent.
(iii) higher profits for the inventor.

• A)(i) and (ii)
• B)(ii) and (iii)
• C)(i) and (iii)
• D)(i), (ii), and (iii)

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Definitions:

Spike Suppression

Techniques or devices used to protect electronic circuits from transient voltage spikes, preventing damage and ensuring reliability.

Power Supply

A device or system that provides the necessary electrical power to operate or charge devices.

Ohms

The standard unit of electrical resistance in the International System of Units (SI), symbolizing the resistance between two points of a conductor.

Amps

A unit of electric current in the International System of Units (SI), short for amperes.