Patent laws
A)reduce incentive to innovate by restricting market entry
B)reduce incentive to innovate by making it difficult to use the patented innovation
C)increase incentive to innovate by restricting entry into a market
D)increase incentive to innovate by giving a firm permanent and exclusive production rights
E)give a firm the right to provide a wide variety of goods or services

Question

Quizplus · Accepted Answer

Patent laws increase the incentive to innovate by granting temporary exclusive rights to the patent holder, thereby restricting market entry for others and allowing the innovator to potentially recoup their investment.

Patent Laws