(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:

Agent Performance

The assessment of an agent's actions in fulfilling their duties on behalf of a client or principal.

Implied Right

A right that is not explicitly stated but is considered to exist due to its necessity or because it is not forbidden.

Preponderance of the Evidence

A standard of proof in civil cases, requiring that the evidence shows that something is more likely to be true than not.

Lakeside Property

Real estate located adjacent to or near the shore of a lake, often sought after for its scenic views and recreational opportunities.