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This question belongs to Management Entrepreneurship And Innovation

Entrepreneurship and Innovation

?

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 C) To limit the monopoly of the firm D) That it will stimulate idea and development of a better product

Answer & Solution

Correct Answer: Option B

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Question posted by Examveda

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