Suppose a pesticide company discovers and patents a new weed killer.This patent gives the company:
A)a monopoly right to sell the weed killer for an unlimited number of years
B)a monopoly right to sell the weed killer for a limited number of years
C)partial ownership of the right to sell the weed killer for a limited number of years
D)partial ownership of the right to sell the weed killer for an unlimited number of years

Question

Quizplus · Accepted Answer

A patent grants the inventor a monopoly right to sell the invention for a limited number of years, usually 20 years in the United States. Therefore, the pesticide company would have a monopoly right to sell the weed killer for a limited duration of time, after which other companies could then sell and produce the same weed killer.

Suppose a Pesticide Company Discovers and Patents a New Weed