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JAMB Commerce 2010 Question 43

Question 43

Patents, Trademarks and Copyright

The difference between trademark and patent right is that the latter

  1. A.gives exclusive right to import a particular good
  2. B.is conferred by the government
  3. C.confers monopoly on a product
  4. D.confers exclusive right to publish literary works.
Show the answer and explanation

Answer: C (confers monopoly on a product)

Explanation

A patent gives the inventor the sole right to make and sell his invention for some years, a legal monopoly.