A patent should cover a long enough period of time: For the cows to come home. For the inventor to earn a good return. For the fish to swim. Before taking the product away from society. For society to enjoy the costs of the product.

Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter2: The One Lesson Of Business
Section: Chapter Questions
Problem 2.1IP
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QUESTION 21

A patent should cover a long enough period of time:

  1. For the cows to come home.
  2. For the inventor to earn a good return.
  3. For the fish to swim.
  4. Before taking the product away from society.
  5. For society to enjoy the costs of the product.
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