When a firm is awarded a patent, it is given monopoly rights to the production of that product for ________ years.
A) 10
B) 20
C) 30
D) 50

Name: When a firm is awarded a patent, it is given monopoly rights to the production of that product for ________ years. A) 10 B) 20 C) 30 D) 50
Brand: Quizplus
Rating: 4.7 (37 reviews)

Question

Quizplus · Accepted Answer

A firm is given monopoly rights to a product through a patent for 20 years from the filing date of the application. After this time, anyone can produce and sell the product.

When a Firm Is Awarded a Patent, It Is Given