One drawback of the patent system is that firms must disclose to the public information about the product or process.

Question

Quizplus · Accepted Answer

This statement is true. As part of the patent application process, detailed information about the invention must be disclosed to the public in order to receive legal protection. This information can be valuable to competitors who may try to replicate or improve upon the invention.

One Drawback of the Patent System Is That Firms Must