Management Notes

Reference Notes for Management

A patent is granted for a specified amount of time because of the assumption:

A patent is granted for a specified amount of time because of the assumption:

A patent is granted for a specified amount of time because of the assumption:

 Options:

A. That during this time firm will cover its development costs
B. That firm will earn a sufficient profit during this period
C. To limit the monopoly of the firm
D. That it will stimulate idea and development of a better product

The Correct Answer Is:

D. That it will stimulate idea and development of a better product

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