Related to the Economics in Practice on page 274: According to the Economics in Practice, relative to a longer life cycle, a shorter life cycle for a product
A) increases the benefit of strong intellectual property protection.
B) reduces the benefit of strong intellectual property protection.
C) does not change the benefit of strong intellectual property protection.
D) There is no conclusive evidence of a relationship between a product's life cycle and intellectual property protection.

Question

Quizplus · Accepted Answer

A shorter life cycle reduces the benefit of strong intellectual property protection because the product becomes obsolete or replaced more quickly, diminishing the time during which protection is beneficial.

Related to the Economics in Practice on Page 274: According