Patent protection is important in affecting technological progress because it makes research and development
A)diffuse more quickly.
B)more fertile.
C)more easily available.
D)more appropriable.
E) none of the above

Question

Quizplus · Accepted Answer

Patent protection makes research and development more appropriable by allowing the inventor or the assignee to have exclusive rights over the invention for a certain period of time, which incentivizes investment in research and development by ensuring that the innovator can recoup their costs and generate profits from their discovery. This fosters technological progress by encouraging innovation and invention.

Patent Protection Is Important in Affecting Technological Progress Because It