Patents have a positive impact of _____ and the negative impact of _____.
A)reducing price; increasing costs
B)creating more competition; reducing demand
C)encouraging research; creating a monopoly
D)reducing costs; reducing competition

Question

Quizplus · Accepted Answer

Patents encourage research and development by providing legal protection for an inventor's idea, giving them a financial incentive to innovate. However, they also create a monopoly by preventing others from using or selling the same invention, which can limit competition and potentially increase prices for consumers.

Patents Have a Positive Impact of _____ and the Negative