Which of the Following Is True of a Patent?​

Multiple Choice

Which of the following is true of a patent?​

A) It reduces a firm's incentive to develop new products.
B) It is issued in recognition of new works of art or literature.
C) It gives a firm a permanent exclusive right to produce a new good.
D) It gives a firm a temporary exclusive right to produce a new good.
E) It guarantees economic profits to a firm in the long run.