When a firm is awarded a patent, it is given monopoly rights to the production of that product for ________ years.

Name: When a firm is awarded a patent, it is given monopoly rights to the production of that product for ________ years.
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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