Although patents are a ________, they also provide ________.
A) collusive agreement; for free entry of new firms
B) collusive agreement; an incentive for invention and innovation
C) barrier to entry; for free entry of new firms
D) barrier to entry; an incentive for invention and innovation

Question

Quizplus · Accepted Answer

Patents act as a barrier to entry for other firms by protecting the inventor's rights, but they also incentivize invention and innovation by granting temporary monopolies to inventors.

Although Patents Are a ________, They Also Provide ________

Although Patents Are a , They Also Provide