The benefit of a patented invention to society increases with the duration of its monopoly.

Name: The benefit of a patented invention to society increases with the duration of its monopoly.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A longer monopoly duration may lead to higher prices and limited access to the invention, which can potentially harm society. Additionally, a shorter monopoly period can encourage faster innovation and competition, leading to more benefits for society in the long run.

The Benefit of a Patented Invention to Society Increases with the Duration