When the government protects intellectual property rights, it:
A)can reduce total surplus for society.
B)never increases total surplus for society.
C)does not affect total surplus for society.
D)always increases total surplus for society.

Question

Quizplus · Accepted Answer

Protecting intellectual property rights can reduce total surplus for society because it grants monopolies to creators, which can lead to higher prices and reduced access to those goods or services, thus potentially reducing total surplus.

When the Government Protects Intellectual Property Rights, It