Allowing an inventor to have the exclusive rights to market her new invention will lead to
(i)a product that is priced higher than it would be without the exclusive rights.
(ii)desirable behavior in the sense that inventors are encouraged to invent.
(iii)higher profits for the inventor.
A)(i) and (ii) only
B)(ii) and (iii) only
C)(i) and (iii) only
D)(i), (ii), and (iii)

Question

Quizplus · Accepted Answer

Exclusive rights allow inventors to set higher prices due to lack of competition, encourage innovation by providing financial incentives, and result in higher profits for the inventor.

Allowing an Inventor to Have the Exclusive Rights to Market