Solved: Easyopen inc gained a patent for an electronic corkscrew, Business Management

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Easyopen inc gained a patent for an electronic corkscrew

EasyOpen Inc. gained a patent for an electronic corkscrew. Soon the company made a huge profit on this device. Recently, however, other firms have produced electronic corkscrews. As a result, EasyOpen lost its competitive advantage. Which of the following would most likely be the reason for this development?

EasyOpen failed to renew the patent after 10 years.
EasyOpen's patent expired after 20 years.
EasyOpen failed to copyright the corkscrew.
EasyOpen's copyright expired after 30 years.

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Business Management: Easyopen inc gained a patent for an electronic corkscrew

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Business Management: Easyopen inc gained a patent for an electronic corkscrew

Reference No:- TGS02249978

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