Which of the following statements is false? The owner of a patent is not obliged to grant a license A patent gives its owner the right to exclude others from using the invention The exclusive rights may be limited under certain conditions The patent owner is not required to disclose his invention

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter11: Price And Output Determination: Monopoly And Dominant Firms
Section: Chapter Questions
Problem 2.3CE
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Which of the following statements is false?

  1. The owner of a patent is not obliged to grant a license

  2. A patent gives its owner the right to exclude others from using the invention

  3. The exclusive rights may be limited under certain conditions

  4. The patent owner is not required to disclose his invention

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