Which Statement About the Effects of Patents Is TRUE

question 254

Multiple Choice

Which statement about the effects of patents is TRUE?

• A) Patents increase the incentive to research and develop new products and also increase competition on the market.
• B) Patents increase the incentive to research and develop new products but also increase monopoly power once the products are created.
• C) Patents reduce the incentive to research and develop new products but also reduce competition in the market.
• D) Patents reduce the incentive to research and develop new products but increase monopoly power once the products are created.

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Definitions:

Hydrogen Peroxide

A chemical compound (H2O2) used as a bleach, antiseptic, and oxidizer.

Brownfields

Abandoned or underused industrial and commercial facilities available for re-use, often requiring environmental cleanup before they can be redeveloped or repurposed.

Contaminated Sites

Areas of land that have been polluted with hazardous substances and pose a risk to human health or the environment.

Reusing Products

The act of using items more than once for the same or a new purpose, reducing waste and conserving resources.