What can be said about the laws governing patents and copyrights
A)They can lead to monopolies.
B)They are intended to serve private interests not the public interest.
C)They have costs but no benefits.
D)They can discourage research.

Question

Quizplus · Accepted Answer

Patents and copyrights can give the holder exclusive rights to a certain invention or work for a certain period, which can lead to a monopoly in the market. This can potentially harm consumers by limiting competition and driving up prices. However, it should be noted that patents and copyrights are also intended to incentivize innovation and creativity by providing creators with financial incentives and protection of their work. So, while they can lead to monopolies, they also have some benefits.

What Can Be Said About the Laws Governing Patents and Copyrights