If intellectual property rights become better secured, then:
A)the costs of R&D are greater.
B)the costs of R&D are smaller.
C)the private returns to R&D are greater.
D)the private returns to R&D are smaller.

Question

Quizplus · Accepted Answer

When intellectual property rights are better secured, the private returns to R&D are greater. This is because individuals or firms are more likely to invest in research and development knowing that they can protect and profit from their ideas. This can lead to more innovation and technological advancements. However, it may also lead to higher costs of enforcing these rights, which could potentially increase the costs of R&D.

If Intellectual Property Rights Become Better Secured, Then