It can be abbreviated MNTAIN, MNTN, MOUNTIN, MT, MTIN, MTN. However, the most common abbreviation used is MT. For the source and more detailed information concerning this sub â¦ ject, click on the related links section indicated below.ne common abbreviation is ca.. Another way is the equals sign = with a squiggle over it-- like an S on its side. ## The word about is abbreviated as: abt.
For applications filed before June 8, 1995 and for patents that were still in force on June 8, 1995, the patent term is either 17 years from the issue date or 20 years from the filing date of the earliest U.S. or international (PCT) application to which priority is claimed (excluding provisional applications), the longer term applying.
Patents, which grant a monopoly, expire after 17-20 years. Many firms who have established a monopoly through a patent are able to keep the monopoly going far longer than this 17-20 year period by reinvesting some of their monopoly profits to find new and improved (and patentable!) ways to make their product.onsumers are clearly better off with the $29 competitive price than with the $35 monopoly price. This is just another example in which the monopoly price is âtoo high.â Further, consumers will be willing to buy more at the competitive price ($29) than at the monopoly price ($35).