The patent and copyright systems

Question

Quizplus · Accepted Answer

The patent and copyright systems provide legal protection to creators or inventors of intellectual property, giving them exclusive rights to their creations or inventions for a certain period of time. This increased legal protection helps to increase the incentives to create new intellectual property by providing a monetary reward for the investment of time and resources into the creation of unique and valuable intellectual property. Thus, D is the best choice.

Option A is incorrect because the patent and copyright systems do not reduce the cost of duplicating intellectual property. Option B is incorrect because the patent and copyright systems do not necessarily increase competition in the market for intellectual property. Option C is partially true, as patents and copyrights are considered forms of intellectual property, but this answer is not comprehensive enough. Finally, option E is incorrect as it is the opposite of what the patent and copyright systems are meant to do.

The Patent and Copyright Systems