Patents grant
A)permanent monopoly status to creators of scientific inventions.
B)permanent monopoly status to creators of any intellectual property.
C)temporary monopoly status to creators of scientific inventions.
D)temporary monopoly status to creators of any intellectual property.

Question

Quizplus · Accepted Answer

Patents provide temporary monopoly status to creators of scientific inventions. This is to incentivize innovation and promote progress while also ensuring that the inventor has an opportunity to benefit from their invention. The timeframe of the monopoly status varies depending on the type of invention and jurisdiction, but it typically lasts for 20 years. Patents do not grant permanent monopoly status to any intellectual property, such as artistic works or literary works.

Patents Grant