Order the answer to: Under the U.S. patent law, an inventor can be granted

Academic Writing business economics Order the answer to: Under the U.S. patent law, an inventor can be granted

business economics

Order the answer to: Under the U.S. patent law, an inventor can be granted

Question Under the U.S. patent law, an inventor can be granted a patent that confers the exclusive right to produce and market his invention for 17 years. After that time, anybody can produce and market the invention. Assume that the annual profits that can be earned from the invention never change and that the interest rate is 10%. True or False: A 17-year patent is approximately 80% as valuable as a patent that lasts forever.
Subject business economics
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