An exclusive right to sell a new and useful product,process,substance,or design for a fixed period of time is called a
A) patent.
B) barrier to entry.
C) monopoly.
D) research disincentive.

Question

Quizplus · Accepted Answer

A patent grants the inventor or owner of a new and useful product, process, substance, or design with the exclusive right to sell it for a fixed period of time. This provides a legal barrier to entry for competitors and can encourage investment and innovation in research and development.

An Exclusive Right to Sell a New and Useful Product,process,substance,or