What Is the Patent System Intended to Do

question 72

Multiple Choice

What is the patent system intended to do?

• A) Reward innovators by granting them temporary monopolies.
• B) Give small businesses a competitive edge over larger businesses.
• C) Spread information among firms as quickly and economically as possible.
• D) Prevent natural monopolies from unfairly exploiting their cost advantages.

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Definitions:

Approval

A formal or official agreement or sanction.

Reproductive Success

The passing of genes to the next generation in a way that they too can pass on those genes.

Internal State

Refers to an individual's psychological and physiological condition at a given time, which influences perceptions, emotions, and behavior.

Reduce Tension

A process or action aimed at decreasing stress or anxiety in an individual or group.