For which of the following firms is patent protection of vital importance?
A)furniture producers
B)software firms
C)pharmaceutical firms
D)auto makers

Question

Quizplus · Accepted Answer

Pharmaceutical firms heavily invest in R&D in order to discover new drugs or treatments. The high cost and time associated with this process makes it necessary for these firms to protect their innovations through patent protection. This ensures that they have exclusivity over their discoveries for a certain period of time, enabling them to recoup their investment and generate profits.

For Which of the Following Firms Is Patent Protection of Vital