Question

Safety Law and Ethics Unit Test 2 of 202 of 20 Items Question What positive effect do intellectual property laws have on the business market value?(1 point) Responses Intellectual property laws give individual innovators and firms the ability to maximize profit and generate economic value. Intellectual property laws give individual innovators and firms the ability to maximize profit and generate economic value. Intellectual property processes are tedious and long and thus companies are discouraged to pursue it. Intellectual property processes are tedious and long and thus companies are discouraged to pursue it. Intellectual property patents are costly and thus only a segment of the population may afford end products. Intellectual property patents are costly and thus only a segment of the population may afford end products. Intellectual property laws restrict market access and thus reduces profit and economic value. Intellectual property laws restrict market access and thus reduces profit and economic value. Skip to navigation page 1 of 1

Answer 1

The correct response to the question about the positive effect of intellectual property laws on the business market value is:

**Intellectual property laws give individual innovators and firms the ability to maximize profit and generate economic value.**

This option highlights how intellectual property laws encourage innovation by providing legal protections that allow businesses to capitalize on their inventions and creations, thus potentially increasing their market value.