alleryStart learning →A patent gives the inventor the exclusive legal right to make, use or sell the invention for:
AThe inventor's life
BOnly a limited time
CAn unlimited time
DJust one year exactly
Answer & Solution
Correct answer: B. Only a limited time
1. Intellectual property protections are deliberately time-bounded.
2. A patent gives the inventor the exclusive legal right to make, use, or sell the invention.
3. That right holds for a limited time.
4. Once it lapses, competitors may enter and the legal barrier disappears.
_Source: OpenStax Principles of Microeconomics for AP(R) Courses 2e (CC BY 4.0), Ch 9 'Monopoly', sections 9.1-9.2_
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