A patent is a barrier to entryA) that allows use of an invented product or process by everyone.B) that grants exclusive use of an invented product or process to the inventor.C) that grants exclusive use of an invented product or process to the government.D) that only allows use of an invented product or process to other companies within the industry.

Question

A patent is a barrier to entryA)  that allows use of an invented product or process by everyone.B)  that grants exclusive use of an invented product or process to the inventor.C)  that grants exclusive use of an invented product or process to the government.D)  that only allows use of an invented product or process to other companies within the industry.

Niraj Agarwal · Accepted Answer

Final Answer : B, Explanation :  Patents grant the inventor exclusive rights to use, make, sell, and distribute the invented product or process, effectively preventing others from doing so without permission. This creates a barrier to entry in the market for that specific invention.

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