A DNA Sequence Can Be Patented If

question 18

Multiple Choice

A DNA sequence can be patented if

• A)two or more people isolate the same sequence successfully.
• B)it forms a single gene.
• C)it has economic implications.
• D)it is useful as a tool for research.

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Definitions:

Profits

The financial gain achieved when the amount earned from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Concentration Ratios

Measures that indicate the extent to which a small number of firms occupy a large market share within an industry.

Covert Collusion

Secret or concealed agreements between firms to fix prices, limit production, or divide markets, in order to increase profits illegally.

Demand Curve

A graphical representation of the demand schedule showing the inverse relationship between price and quantity demanded.