The Nike 'Swoosh' Is an Example of What Type of Intellectual

question 39

Multiple Choice

The Nike 'swoosh' is an example of what type of intellectual property?

• A) Copyright
• B) Patent
• C) Certification mark
• D) Trademark
• E) Novelty

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Definitions:

Increase in Demand

A situation where there is a rise in consumers' desire to purchase goods or services, leading to higher quantity demanded at every price level.

Constant Costs

Occur when the cost of producing an additional unit of a good does not change as the scale of production increases or decreases.

Inferior Good

A type of good for which demand decreases as the consumer's income rises, reversing the typical behavior observed with normal goods.

Long-run Equilibrium

A state in which economic forces such as supply and demand are balanced and in the context of production, firms are operating at an efficient scale.