Monopolies such as those created by copyrights and patents
A)are necessary to motivate innovation and authorship.
B)inhibit but do not prevent innovation and authorship.
C)stifle innovation and authorship.
D)lower prices.

Question

Quizplus · Accepted Answer

Copyrights and patents provide a legal protection for innovators and authors to secure the benefits of their work. Without this protection, there would be little incentive for individuals to invest their time and resources into developing and creating new ideas or works. Therefore, monopolies such as these are necessary to motivate innovation and authorship.

Monopolies Such as Those Created by Copyrights and Patents