The purpose of intellectual property rights is to ________ so they can exploit their inventions not only to recoup their investment costs and create commercial advantage but also to acquire power and market dominance free of direct competition.
A) prevent excessive regulation and government bureaucracy
B) grant a firm permission to use another firm's proprietary names
C) allow inventors monopoly advantage for a specified period of time
D) allow a firm to use an entire business system in exchange for compensation

Question

Quizplus · Accepted Answer

Intellectual property rights are designed to give inventors exclusive rights to their creations for a certain period, enabling them to benefit financially from their work without competition. This monopoly advantage encourages innovation by allowing inventors to recoup their investment costs and potentially gain market dominance.

The Purpose of Intellectual Property Rights Is to ________ So