Patents and copyright law:
A) are natural barriers.
B) create more competition.
C) mean more varieties of goods and services at different price levels.
D) assure inventors that no one else will sell their idea.
E) always result in zero economic profits.

Question

Quizplus · Accepted Answer

Patents and copyright law protect the inventors' rights by assuring them that no one else can sell their idea or product without their permission. This gives inventors an incentive to innovate and create new products without fearing that others will profit from their ideas without compensation. It promotes innovation and creativity, which ultimately benefits consumers.

Patents and Copyright Law