Patents encourage inventions because without a patent
A) all markets would be monopoly franchises.
B) the inventor would receive no tax breaks.
C) nobody would demand the inventor's product.
D) other firms could enter the inventor's market by producing the same product.

Question

Quizplus · Accepted Answer

Patents provide inventors with exclusive rights to their inventions, preventing others from making, using, or selling the invention without permission. This exclusivity encourages innovation by allowing inventors to potentially recoup their investment and profit from their work, which might not be possible if others could freely copy and sell their invention.

Patents Encourage Inventions Because Without a Patent