Allowing an inventor to have the exclusive rights to market her new invention will lead to (i) a product that is priced higher than it would be without the exclusive rights.
(ii) desirable behavior in the sense that inventors are encouraged to invent.
(iii) higher profits for the inventor.
A)(i) and (ii)
B)(ii) and (iii)
C)(i) and (iii)
D)(i), (ii), and (iii)

Question

Allowing an inventor to have the exclusive rights to market her new invention will lead to (i)	a product that is priced higher than it would be without the exclusive rights.
(ii)	desirable behavior in the sense that inventors are encouraged to invent.
(iii)	higher profits for the inventor.
A)(i) and (ii)
B)(ii) and (iii)
C)(i) and (iii)
D)(i), (ii), and (iii)

Quizplus · Accepted Answer

Granting exclusive rights allows the inventor to set higher prices due to lack of competition, encourages innovation by providing a financial incentive, and results in higher profits for the inventor.

Allowing an Inventor to Have the Exclusive Rights to Market