Protecting intellectual property rights:
A) can reduce total surplus for society.
B) never increases total surplus for society.
C) never affects total surplus for society.
D) always increases total surplus for society.

Question

Quizplus · Accepted Answer

Protecting intellectual property rights can lead to higher prices and restricted access to information, which can reduce total surplus for society. However, it is still important to protect intellectual property rights to incentivize innovation and creativity.

Protecting Intellectual Property Rights