Which of the following is issued to an investor to provide protection from having the invention copied or stolen for 20 years?
A) a license
B) a natural monopoly
C) a patent
D) a certificate of convenience

Question

Quizplus · Accepted Answer

A patent is a legal document that grants an inventor the exclusive right to produce, use, and sell an invention for a specified period of time (usually 20 years). This provides protection from having the invention copied or stolen by others. A license is a permission given by one party to another to use a product, service, or invention. A natural monopoly occurs when a single firm can provide a product or service at a lower cost than any potential competitor, leading to limited competition. A certificate of convenience is a government-issued permit that grants a specific company the exclusive right to provide a particular service in a specific geographic area.

Which of the Following Is Issued to an Investor to Provide