A. gives exclusive right to import a particular good
B. is conferred by the government
C. confers monopoly on a product
D. confers exclusive right to publish literary works
Correct Answer:
Option C – confers monopoly on a product
Explanation
Patents prevent others from making or selling an invention, but trademarks protect the words, phrases, symbols, logos, or other devices used to identify the source of goods or services from usage by other competitors.
When something is conferred with a monopoly, they are given exclusive possession or control of the supply of or trade in a commodity or service.
Veterinary medicine is the branch of medicine that deals with the prevention, diagnosis, and treatment…
Anthropology is the scientific study of human beings and their cultures. It encompasses a wide…
Sociology is the scientific study of human society, culture, and behavior. It examines the social…
Social Work is a profession dedicated to helping individuals, families, and communities to cope with…
Religious studies is an academic discipline that explores the beliefs, practices, and history of various…
Public administration is the field of study and practice that focuses on the organization and…