A Patent or Copyright Is a Barrier to Entry Based

question 106

Multiple Choice

A patent or copyright is a barrier to entry based on

• A)ownership of a key necessary raw material.
• B)large economies of scale as output increases.
• C)government action to protect a producer.
• D)widespread network externalities.

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Definitions:

Privately Owned

property or businesses solely owned by individuals or private entities, not controlled by the government or public sector.

Legal Entity

An organization or business that has legal rights and obligations, including the capacity to enter into contracts, sue, and be sued.

Common Mission

A shared goal or purpose that unites the members of a group or organization, driving them toward collective achievement.

Legal Entity

An organization or business that is given legal rights and responsibilities, including the ability to enter into contracts, sue, and be sued.