An Exclusive Right to Sell a New and Useful Product,process,substance,or

question 116

Multiple Choice

An exclusive right to sell a new and useful product,process,substance,or design for a fixed period of time is called a

• A) patent.
• B) barrier to entry.
• C) monopoly.
• D) research disincentive.

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Definitions:

Opera

A dramatic art form that combines text (libretto) and musical score, typically in a theatrical setting, involving singers and musicians.

Magical

Relating to, invoking, or possessing supernatural powers or qualities.

Proposition

A pronouncement that reveals a judgment or perspective.

Equivalent

Equal in value, amount, function, meaning, etc.