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Management · Q207

Entrepreneurship and Innovation

Graduate and Post Graduate · Management · question 207

Q207

A patent is granted for a specified amount of time because of the assumption:

A.
That during this time firm will cover its development costs
B.
That firm will earn a sufficient profit during this period
Answer
C.
To limit the monopoly of the firm
D.
That it will stimulate idea and development of a better product

Answer: Option B

Solution

Answer: Option B
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