Why Do Governments Issue Patents

question 28

Multiple Choice

Why do governments issue patents?

• A) Patents foster economies of scale.
• B) Inventors have a moral right to control their inventions.
• C) Patents ensure that socially beneficial goods are affordable.
• D) Firms benefit from the publicity associated with patents.
• E) The prospect of large profits is an incentive to innovation.

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Definitions:

Doughnut Chart

A graphical representation similar to a pie chart but with a blank center, enabling the display of multiple series of data in a compact and visually appealing format.

Bubble Chart

A type of data visualization that displays multiple circles (bubbles) in a two-dimensional plot, where the size and color of bubbles can represent additional data dimensions.

Doughnut Chart

A variant of the pie chart, with a blank center, used to display categorical statistics.

Pie Chart

A circular graph divided into slices to illustrate numerical proportion. Each slice's size is proportional to the quantity it represents.