Patents, Copyrights, and Trademarks

question 129

Multiple Choice

Patents, copyrights, and trademarks

• A)are examples of government-created monopolies.
• B)are examples of barriers to entry.
• C)allow their owners to charge higher prices.
• D)All of the above are correct.

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Definitions:

LLC

Short for Limited Liability Company, a flexible form of business enterprise that blends elements of partnership and corporate structures.

RULLCA

An acronym for the Revised Uniform Limited Liability Company Act, which provides standardized regulations for the formation, operation, and dissolution of limited liability companies in the U.S.

Transferee

An individual or entity that receives property, rights, or liabilities from another through a legal transfer.

Manager-Managed LLC

A limited liability company structured so that managers, rather than members, handle the daily operations.