An Entity Is

question 42

Multiple Choice

An entity is

• A)a physical resource
• B)an event
• C)an agent
• D)all of the above are entities

---

Definitions:

Patent Laws

Legal statutes that grant inventors exclusive rights to their inventions, preventing others from making, using, or selling the invention for a certain period of time.

Copyright Laws

Regulations that protect the exclusive rights of creators over their original works, including the right to reproduce, distribute, and adapt these works.

Profit-Maximization

A method used by businesses to determine the sale price and production level that lead to the highest possible profit.

Sole Seller

A term indicating a monopoly situation where there is only one seller in the market.