A patent:
A) grants its owner the exclusive right to make, use, or sell an invention or process for an indefinite period.
B) deprives competitors of the opportunity to use the invention without the patent holder's consent.
C) creates a permanent monopoly thereby discouraging the creation and utilization of new products and technologies.
D) includes articles or processes falling under the category of physical phenomena or abstract ideas.

Question

Quizplus · Accepted Answer

A patent provides its owner with the exclusive right to make, use, or sell an invention or process during the patent period. The major advantage of a patent is that it deprives competitors of the opportunity to use the invention without the patent holder's consent. This temporary monopoly is expected to encourage the creation and utilization of new products and technologies.

A Patent