Which of the Following Statements Is True of Antitrust Violation

question 43

Multiple Choice

Which of the following statements is true of antitrust violation of intellectual property rights?

• A)The U.S.Supreme Court has ruled that patents should automatically be treated as monopolies.
• B)Abuse of the market power conferred by a patent must be presumed and need not be proven.
• C)The presence of intellectual property rights suppresses innovation and investment.
• D)Antitrust violations of intellectual property do not occur unless some competitive wrong is identified.

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Definitions:

Machine-hours

A measure of production time, calculated by the number of hours a machine is operated in the production of goods.

Predetermined Overhead Rate

An estimated rate used to allocate manufacturing overhead costs to products, based on a planned level of activity.

Direct Labor-hours

The sum of hours logged by workers directly engaged in creating products.

Manufacturing Overhead

Manufacturing overhead encompasses all costs of manufacturing beyond direct materials and direct labor, including expenses like factory equipment depreciation and quality control.