Patents encourage inventions because without a patent
A) other firms could enter the inventor's market by producing the same product.
B) nobody would demand the inventor's product.
C) the inventor would receive no tax breaks.
D) all markets would be public franchises.

Question

Quizplus · Accepted Answer

Patents provide inventors with exclusive rights to their inventions, preventing other firms from producing the same product without permission, thus encouraging innovation by protecting the inventor's market.

Patents Encourage Inventions Because Without a Patent