The Patent System Is Intended To

question 43

Multiple Choice

The patent system is intended to:

• A)prevent natural monopolies from unfairly exploiting their cost advantages.
• B)reward innovators by granting them temporary monopolies.
• C)spread information among firms as quickly and economically as possible.
• D)give small businesses a competitive edge over larger businesses.
• E)correct negative externalities.

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Definitions:

Card Style

A design approach where information is presented on virtual 'cards', allowing for a clean, compartmentalized interface that is easy to interact with.

Contacts

A list or database of individuals or organizations, including details such as names, addresses, and phone numbers, stored in a phone or computer.

Select

Refers to highlighting or choosing items from a set of options on a user interface.

Entry

An individual record or item added to a database or list, which can contain various types of data related to a specific topic or transaction.