ECONOMICS
PROPERTY RIGHTS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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VIRUS
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VACCINE
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Either A or B
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None of the above
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Detailed explanation-1: -A patent is an exclusive right granted for an invention. In other words, a patent is an exclusive right to a product or a process that generally provides a new way of doing something, or offers a new technical solution to a problem.
Detailed explanation-2: -The United States Code authorizes anyone who invents or discovers inventive subject matter to obtain a patent. An inventor is one who, alone or with others, first invents a new and useful process, machine, composition of matter, or other patentable subject matter.
Detailed explanation-3: -Utility patents are issued for inventions that are novel and useful. Design patents protect the design or image of a product.
Detailed explanation-4: -Overview. A patent grants the patent holder the exclusive right to exclude others from making, using, importing, and selling the patented innovation for a limited period of time.