Apple and Google apply for hundreds of patents every year.These patents
A) allow Apple and Google to produce goods with no risk of monetary loss.
B) provide incentives for Apple and Google to spend large amounts of money up front on research and development of new products.
C) create more competition among Apple,Google,and other tech firms than would occur without government intervention.
D) make it easy for Apple and Google products to be similar.
E) make it easy for other firms to compete with Apple and Google.

Question

Quizplus · Accepted Answer

Patents provide legal protection for new inventions and ideas, and can be used by companies to prevent competitors from using or copying their innovations. This gives companies like Apple and Google an incentive to invest in research and development, knowing that they will have exclusive rights to their new products for a period of time. It also helps to create a culture of innovation and competition in the tech industry, as companies strive to come up with new and exciting products that will capture consumers' attention.

Apple and Google Apply for Hundreds of Patents Every Year