Allowing an inventor to have the exclusive rights to market her new invention will lead to (i)
A product that is priced higher than it would be without the exclusive rights.
(ii)
Desirable behavior in the sense that inventors are encouraged to invent.
(iii)
Higher profits for the inventor.
A)(i) and (ii) only
B)(ii) and (iii) only
C)(i) and (iii) only
D)(i), (ii), and (iii)

Question

Quizplus · Accepted Answer

All three options are likely outcomes of giving exclusive rights to an inventor. By allowing them to be the only ones to market their invention, they can charge higher prices without competition, which can result in higher profits for the inventor. This, in turn, encourages inventors to create new things without worrying about someone else stealing their idea.

Allowing an Inventor to Have the Exclusive Rights to Market