Apple and Google Apply for Hundreds of Patents Every Year

question 101

Multiple Choice

Apple and Google apply for hundreds of patents every year.These patents

• A) allow Apple and Google to produce goods with no risk of monetary loss.
• B) provide incentives for Apple and Google to spend large amounts of money up front on research and development of new products.
• C) create more competition among Apple,Google,and other tech firms than would occur without government intervention.
• D) make it easy for Apple and Google products to be similar.
• E) make it easy for other firms to compete with Apple and Google.

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Definitions:

Liquidated Damages

A predetermined amount of money that must be paid as compensation for failure to perform certain obligations of a contract.

Damages Determination

The process by which courts calculate the amount of money to be awarded to a party in a lawsuit for losses or injuries suffered.

Special Use Loss

A financial loss incurred due to the specialized nature of property or equipment that limits its use or marketability.

Fundamental Breach

A severe violation of a contract that permits the aggrieved party to terminate the agreement and potentially seek damages.