Which of the Following Is True of a Patent?​

question 35

Multiple Choice

Which of the following is true of a patent?​

• A)It reduces a firm's incentive to develop new products.
• B)It is issued in recognition of new works of art or literature.
• C)It gives a firm a permanent exclusive right to produce a new good.
• D)It gives a firm a temporary exclusive right to produce a new good.
• E)It guarantees economic profits to a firm in the long run.

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Definitions:

Environmental Influence

Refers to the impact that surroundings, including physical, social, and cultural environments, have on living organisms, shaping behaviors, development, and evolution.

Adoptive Parents

Individuals who legally assume the role and responsibilities of parenting a child not born to them biologically.

Adopted Children

Children who are legally taken and raised by parents who are not their biological parents.

Cross-national Differences

Variations in cultural, economic, social, or political aspects observed between different countries or nations.