Asked by
Damian Arizini
on Oct 25, 2024
Verified
When a drug company develops a new drug it is granted a ________ making it illegal for other firms to enter the market until the ________ expires.
A) franchise; franchise
B) copyright; copyright
C) government license; government license
D) patent; patent
Patent
A governmental right granted to an inventor, giving the exclusive right to make, use, sell, and import an invention for a certain period of time.
- Appreciate the significance of patents in the creation and preservation of monopoly dominance.
Verified Answer
GJ
Learning Objectives
- Appreciate the significance of patents in the creation and preservation of monopoly dominance.