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

Patents incentivize innovation by granting exclusive rights to inventors, encouraging them to invest time and resources into developing new products and methods. However, patents may also discourage innovation in some cases because they restrict others from using or building upon the patented invention. The statement "are exclusive rights granted to the inventor of a product or service" is also true.

Patents I Encourage the Invention of New Products and Production Methods