Who Is the Beneficiary of a Compulsory Licence

question 30

Multiple Choice

Who is the beneficiary of a compulsory licence?

• A)Patent holder
• B)Patent office
• C)Licensor
• D)Licensee
• E)Public

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Definitions:

OPEC

The Organization of the Petroleum Exporting Countries, a group of oil-producing nations that coordinates policies to control the supply and influence the price of oil on the global market.

Oil Cartel

An alliance of oil-producing countries or companies that agree to control oil production levels and prices, often to exert influence on the global market.

Norway

A country in Northern Europe known for its extensive coastline, fjords, and high standards of living.

Economic Profit

The difference between a firm's total revenue and its total costs, including both explicit and implicit costs, reflecting the real profitability of the business.