________ Are Used to Protect the Owner of the Technology

question 22

Multiple Choice

________ are used to protect the owner of the technology from people imitating the technology. 

• A) Franchises
• B) Switching costs
• C) Patents
• D) Distributors

---

Definitions:

Quantity Demanded

The complete quantity of a specific product or service that consumers can and are willing to buy at a certain price threshold.

Equilibrium

The point in a market where the quantity demanded by consumers equals the quantity supplied by producers, leading to a stable price.

Surpluses

The quantity of goods that remains when a producer has more goods than it is able to sell at the current price.

Shortages

Occurrences when the demand for a product or service exceeds its supply in a market, often leading to higher prices and unmet consumer needs.