The Opening Feature Focuses on DripCatch, a Company That Makes

question 65

Multiple Choice

The opening feature focuses on DripCatch, a company that makes a device that catches water that drips off of glassware when it comes out of the dishwasher. The central form of intellectual property that DripCatch is hoping to benefit from is a(n) ________.

• A) patent
• B) Internet domain name
• C) license
• D) trademark
• E) copyright

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Definitions:

Cartels

Formal agreements among competing firms in the same industry to control prices, production, and market shares, typically to maximize joint profits.

Late 19th Century

The period from 1871 to 1900, marked by significant industrialization, technological advancement, and the consolidation of national states.

Standard Oil Trust

An American corporate monopoly that existed at the end of the 19th and the start of the 20th centuries, managed by John D. Rockefeller and partners through a trust, and was a pivotal company in the early oil industry.

Sherman Antitrust Act

A landmark federal statute in the U.S. that prohibits monopolistic business practices.