The degree to which a firm is able to capture the rents from its innovation is known as its monopolization potential.
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Question 2
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If the knowledge underlying a particular technology is tacit,competitors will typically find it very easy to duplicate.
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Question 3
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If a tobacco farmer invents a new plant that one can smoke without experiencing any negative health effects and can be asexually reproduced,then he or she can receive a plant patent for it.
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Question 4
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Discovery of scientific principles that pertain to natural laws can be patented.
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Question 5
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In the U.S.,patents are valid for a period of 17 years.
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Question 6
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Patent laws do not vary from country to country.
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Question 7
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If an inventor received a utility patent in the United States in June 2004,then his or her patent would be valid as of the same date in member countries of the Paris Convention,if he or she applies for protection in those countries within 12 months.
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Question 8
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A service mark distinguishes the provider of a service rather than a product.
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Question 9
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Trademarks must be registered before a suit can be brought in federal court against an infringement of the mark.
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Question 10
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If you live in a country that is a member of the Madrid Union and you register a trademark in your country,that trademark is valid in all other countries of the world.
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Question 11
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The rights of copyright protection are established by legitimate use of the work.
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Question 12
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Titles and names can be copyrighted.
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Question 13
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A common set of international copyright laws automatically protects an author's work throughout the world.
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Question 14
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In the United States there are no laws to protect trade secrets.
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Question 15
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Wholly open systems can be quickly commoditized and provide little appropriability of rents to their developers.
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Question 16
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If multiple firms benefit from a technology's success,the developer of that technology has a much greater incentive to invest in further developing the technology.
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Question 17
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When multiple firms can produce a technology,losing money on the technology in the short term to promote it as a standard is highly risky.
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Question 18
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External development efforts typically lack the coordination of internal development.
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Question 19
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If a firm lacks the production capability or expertise to produce a sufficient range of complementary goods,it should support an open technology strategy and utilize forms of sponsorship.
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Question 20
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For technologies in which standardization and compatibility are important,maintaining the integrity of the core product is absolutely essential.