Which of the following is NOT an example of a type of law that tries to foster competition?
A)Anti-collusion laws
B)Laws that encourage international trade
C)Patents
D)Laws that restrict mergers

Question

Quizplus · Accepted Answer

Patents are a form of intellectual property protection that grants exclusive rights to an inventor or creator of a new invention or idea. While they may incentivize innovation, they do not necessarily foster competition, as they give the patent holder a monopoly on their invention for a certain period of time. The other options listed all aim to promote competition by preventing anti-competitive behavior or encouraging a competitive marketplace.

Which of the Following Is NOT an Example of a Type