Patentability Is a Major Factor to Consider in New-Product Screening

Multiple Choice

Patentability is a major factor to consider in new-product screening because the use of patents

A) eliminates potential competitors for a period of 12 years.
B) provides the firm with monopolistic powers to the extent that it precludes other firms from successfully competing with the patented product.
C) encourages a firm to have a monopolistic competition environment.
D) reduces the effect of cyclical factors on sales.