Which of the following firms rely on patents the most as the barrier to keep other firms from entering the industry?
A) pharmaceutical firms
B) textbook publishers
C) law firms
D) wine makers

Question

Quizplus · Accepted Answer

Pharmaceutical firms rely heavily on patents to protect their investments in research and development. The patents usually last for 20 years and prevent other firms from creating the same drug and selling it for a lower price. This allows pharmaceutical companies to earn high profits and recoup their research costs.

Which of the Following Firms Rely on Patents the Most