Patents and copyrights,which confer market power,exist to
A) protect the consumer from imitations.
B) ensure excessive profits to the holders.
C) protect research and development,and creative expression.
D) reduce competition in all sectors of the economy.
E) magnify the dominance of large firms.

Question

Quizplus · Accepted Answer

Patents and copyrights exist to protect research and development, and creative expression. They allow the creators to enjoy the benefits of their efforts and encourage further innovation and creativity. While they do confer market power to the holders, the main purpose is to incentivize and protect intellectual property.

Patents and Copyrights,which Confer Market Power,exist to