alleryStart learning →The body of law protecting confidential business information is known as:
AAntitrust rules
BConsumer statutes
CTrade secrets
DPublic records
Answer & Solution
Correct answer: C. Trade secrets
1. Not all valuable knowledge is registered publicly.
2. There is also a body of law known as trade secrets.
3. It protects information a firm keeps confidential rather than publishing in a patent.
4. A patent requires disclosure in exchange for a time-limited monopoly.
_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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