Patents
i.encourage the invention of new products and production methods.
ii.generally discourage innovation.
iii.are exclusive rights granted to the inventor of a product or service.
A) i only
B) ii only
C) ii and iii
D) i and iii
E) i, ii, and iii

Question

Quizplus · Accepted Answer

Option i is correct because patents encourage inventors to create new products and methods by providing them with exclusive rights for a limited period.
Option ii is incorrect because patents do not generally discourage innovation. They provide a framework for inventors to protect their ideas, which can help fuel innovation.
Option iii is correct because patents are exclusive rights granted to the inventor of a new product or service.

Patents I.encourage the Invention of New Products and Production Methods