A Patent Is an Example of

question 165

Multiple Choice

A patent is an example of

• A)how ownership of a key input creates a barrier to entry.
• B)a government-imposed barrier to entry.
• C)occupational licensing.
• D)how market failure can lead to oligopoly.

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Definitions:

Sluggishness

A state of being slow-moving or lacking in energy.

Tremors

Involuntary, rhythmic muscle movements causing shaking motions in one or more parts of the body.

Antianxiety Drugs

Drugs used to control anxiety and agitation.

Involuntary Movements

Movements that occur without conscious control, often as a result of neurological disorders.