Patents encourage invention by
A) offering subsidies to inventors.
B) offering tax breaks to inventors.
C) preventing others from copying an invention.
D) preventing inventors from working on the same project.

Question

Quizplus · Accepted Answer

Patents grant inventors exclusive rights to their inventions for a certain period of time, thereby preventing others from copying and profiting from the invention. This encourages inventors to invest time and resources into creating new inventions, knowing that they will have a temporary monopoly on their creation, which can lead to financial gain. Patents do not offer subsidies or tax breaks to inventors, nor do they prevent inventors from working on the same project as others.

Patents Encourage Invention by