Question

Bowflex, Inc., which manufactures total strength training systems for home use, obtained a patent on its power rods. Bowflex has a(n) ____ for this product.

Answer 1

Answer:

Limited monopoly.

Explanation:

When any innovation is patented by any individual or an organization that is generally for a limited period of time till any other competitors come into play, then that particular individual or the organization is said to possess limited monopoly. This means that the patented item can be used, made and sold by that particular individual or an organization for a limited period of time.