(Last Word) "Patent Trolls

question 158

Multiple Choice

(Last Word) "Patent trolls"

• A) block firms from acquiring patents on intellectual property.
• B) buy up patents in order to collect royalties and sue other companies.
• C) legally challenge new patent applications in an effort to extract rents.
• D) promote innovation by keeping firms from having a stranglehold on intellectual property.

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Definitions:

Common Resource

A resource that is available to all users, but which can be depleted if overused, such as fisheries, clean air, and public parks.

E-books

Digital versions of books, readable on electronic devices such as computers, tablets, and e-readers.

National Defense

Government-provided security against foreign aggression, encompassing the military forces and other defense measures.

Common Resource

A resource like air or water that is not owned by anyone, is available for everyone to use, but can become depleted if overused.