Which of the Following Is True About the Bayh-Dole Act

question 7

Multiple Choice

Which of the following is true about the Bayh-Dole Act of 1980?

• A) It made university technology transfer activities illegal and unethical.
• B) It allowed universities to collect royalties on inventions funded with taxpayer dollars.
• C) It restricted provision of patents for inventions developed at universities.
• D) It made investment in research and technology mandatory for public companies.

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Definitions:

Natural Monopolies

Situations where a single firm can supply a good or service to an entire market at a lower cost than could multiple firms.

ATC

Average Total Cost, which is the sum of all production costs divided by the quantity of output produced, incorporating both fixed and variable costs.

Agricultural Products

Goods derived from farming and agriculture, including crops and livestock.

Monopolist

An individual or company that holds exclusive control over the supply or trade of a particular good or service, allowing them to influence prices and market conditions.