Acacia Inc., a pharmaceutical company, has developed a miracle drug that can cure breast cancer. This invention by Acacia Inc. is an example of _____.

Question

Quizplus · Accepted Answer

The miracle drug developed by Acacia Inc. is an example of intellectual property because it is a creation of the mind for which a monopoly is assigned to designated owners by law. Intellectual property rights give the creator an exclusive right over the use of his/her creation for a certain period of time.