Which of the Following Statements Is True About Patents and Copyrights

question 215

Multiple Choice

Which of the following statements is true about patents and copyrights? (i)
They have benefits and costs.
(ii)
They lead to higher prices.
(iii)
They enhance the ability of monopolists to earn above-average profits.

• A)(i) and (ii) only
• B)(ii) and (iii) only
• C)(ii) only
• D)(i), (ii), and (iii)

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