It is possible for society to gain by awarding 20-year patents to companies.

Question

Quizplus · Accepted Answer

Awarding 20-year patents to companies incentivizes innovation and allows them to have exclusive rights to their inventions, leading to economic growth and technological advancement. It also encourages companies to invest in research and development, which ultimately benefits society. However, it is important to strike a balance between promoting innovation and ensuring that patented products are accessible and affordable to the public.

It Is Possible for Society to Gain by Awarding 20-Year