Test Patents and IP Management solutions 13June2022

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1 Patents and IP Management – June 13, 2022 (Prof. Franzoni) Last name_____________ First Name ______________________ 1) Patents confer the right to exclusivity a) With limits in time and breadth b) With limits in geographic areas c) With limits in ownership (max 5 owners) d) Answers a-b are both correct e) Answers b-c-d are all correct 2) Based on your understanding of the economic rationale of patents, why are patents temporary? a) Because patents create a monopoly and monopolies are inefficient (produce less than the maximum capacity) b) Because patents expire as soon as the technology is obsolete c) Because patents are given to the first to invent d) Because patents are given to the first to file 3) Indicate the WRONG claim a) When designing IP protection mechanisms we should take into account both the private and public interest b) Prizes for innovation may be an alternative way to incentivize inventions c) A main problem of prizes is that they may block cumulative inventions d) A main problem of prizes is to fix their price 4) A patent application is in the SECRECY PERIOD.. a) During the priority year (12 months) b) During 18 months since the filing c) During 18 months since filing, but only if it is granted. If it is rejected, it stops being secret d) Until it expires (maximum 20 years) 5) Do the exclusivity rights provided by IPs arise since the very moment of the invention/creation? a) NO for patents and NO for copyrights b) NO for patents and YES for copyrights c) YES for patents and NO for copyrights d) YES for patents and YES for copyrights 6) Which of the following is NOT deemed industrially applicable at the EPO a) Processes, methods, uses b) Design systems c) Computer algorithms d) Genetically-modified organisms 7) Copyrights are internationally…