ECONOMICS
COMPETITION AND MARKET STRUCTURES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Economies of scale
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Market Power
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Monopoly
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Patent
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Detailed explanation-1: -A patent gives its owner the exclusive right to make, use, offer to sell, sell, or import, a specified invention in the United States, for a limited time. If you invent something, you can obtain a patent by filing an application with the United States Patent and Trademark Office describing your invention.
Detailed explanation-2: -Patent licence for the use of an invention You can give others permission to make, sell or administer your patented product or process. Patent holders can grant such permission by issuing a patent licence.
Detailed explanation-3: -Utility patent. This is what most people think of when they think about a patent. Provisional patent. Design patent. Plant patent. 25-Jan-2023
Detailed explanation-4: -Determine if patent protection is appropriate. Determine if your invention is patentable. Conduct a patent search. Determine what kind of patent you need. Prepare to submit your application. Submit your application. Work with your patent examiner. Get approved and pay final fees. 02-Jan-2023