A benefit to society of the patent and copyright laws is that those laws
A) help to keep prices down.
B) help to prevent a single firm from acquiring ownership of a key resource.
C) encourage creative activity.
D) discourage excessive amounts of output of certain products.

Question

Quizplus · Accepted Answer

Patent and copyright laws encourage creative activity by providing an incentive for individuals and firms to invest in the development of new inventions and creative works. This ultimately benefits society by promoting innovation, improving quality of life, and driving economic growth.

A Benefit to Society of the Patent and Copyright Laws