Exam Question
A patent is granted for a specified amount of time because of the assumption:
- 1. That during this time firm will cover its development costs
- 2. That firm will earn a sufficient profit during this period
- 3. To limit the monopoly of the firm
- 4. That it will stimulate idea and development of a better product
View Answer
Answer 3. To limit the monopoly of the firm
Practice set and Exam Quiz
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