(Last Word) "Patent trolls"
A) block firms from acquiring patents on intellectual property.
B) buy up patents in order to collect royalties and sue other companies.
C) legally challenge new patent applications in an effort to extract rents.
D) promote innovation by keeping firms from having a stranglehold on intellectual property.

Question

Quizplus · Accepted Answer

Patent trolls are individuals or companies that purchase patents for the sole purpose of making money by suing other companies for infringement of those patents. They do not produce any goods or services themselves and can be seen as a hindrance to innovation and creativity.

(Last Word) "Patent Trolls