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:

Translocation

The process by which substances are transported inside a plant or the movement of chromosomes or segments of chromosomes to new positions during cell division.

Transpiration

The method through which water moves inside plants from the roots to tiny openings on the lower side of the leaves, where it transforms into vapor and gets emitted into the air.

Mutualistic Relationships

Interactions between two species where both benefit and often depend on one another for survival or for certain benefits.

Plant Roots

The part of a plant that typically lies below the surface of the soil and is responsible for water and nutrient absorption.