(Last Word)Eliminating patents would tend to:
A) stimulate innovation in all industries.
B) discourage innovation in all industries.
C) encourage innovation in products made up of many different technologies but discourage innovation of easy-to-copy products requiring large R&D costs to create.
D) discourage innovation in products made up of many different technologies but encourage innovation of easy-to-copy products requiring large R&D costs to create.

Question

Quizplus · Accepted Answer

Eliminating patents would mean that anyone could copy and reproduce a product without legal consequences. This would discourage innovation of easy-to-copy products that require large R&D costs to create since competitors could simply copy the product without having to make the same investments. However, it would encourage innovation in products made up of many different technologies because copying such a product would require replicating multiple complex technologies, which is more difficult and expensive.

(Last Word)Eliminating Patents Would Tend To