Patents and Copyrights Can

question 33

Multiple Choice

Patents and copyrights can:

• A) create strong incentives to develop new drugs.
• B) provide heavy competition in markets.
• C) never lead to deadweight loss.
• D) assure firms that their products will make a profit.
• E) be considered natural barriers.

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Definitions:

P.T. Barnum

A 19th-century American showman and businessman remembered for promoting celebrated hoaxes and for founding the Barnum & Bailey Circus.

Publicity Stunts

Intentionally designed events or activities created to attract public attention and media coverage, often used by marketers or public relations professionals to generate interest.

Press Conference

A media event in which an organization or individual presents information and answers questions from journalists.

Corporate Social Responsibility

A concept where businesses integrate social and environmental concerns in their operations and interactions with their stakeholders.