Patents Encourage Inventions Because Without a Patent

question 96

Multiple Choice

Patents encourage inventions because without a patent

• A) other firms could enter the inventor's market by producing the same product.
• B) nobody would demand the inventor's product.
• C) the inventor would receive no tax breaks.
• D) all markets would be public franchises.

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Definitions:

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A Persian polymath, physician, alchemist, and philosopher, who made significant contributions to the fields of medicine and chemistry in the medieval Islamic world.

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An ancient Greek philosopher and scientist whose writings cover a wide range of subjects, including physics, metaphysics, poetry, theater, music, logic, rhetoric, politics, and ethics.