Genes in Their Natural State Cannot Be Patented

question 20

Essay

Genes in their natural state cannot be patented.This policy allows research and use of natural products for the common good.What argument might be presented in favor of patenting genes or gene products?

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Definitions:

Option Price

The amount paid for the option itself, representing the price to buy (call) or sell (put) an underlying asset by a specific date at a specified price.

Exercise Price

The cost at which an option's possessor has the right to acquire (if it's a call option) or divest (if it's a put option) the asset underlying the option.

Call Option

A financial contract that gives the buyer the right, but not the obligation, to buy a specified quantity of an asset at a predetermined price within a specified time frame.

Delta

A measure of how much the price of an option is expected to change based on a $1 change in the underlying asset.