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 laws restrict market access and thus reduces profit and economic value.
Intellectual property laws restrict market access and thus reduces profit and economic value.
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 processes are tedious and long and thus companies are discouraged to pursue it.
1 answer
The correct response is:
Intellectual property laws give individual innovators and firms the ability to maximize profit and generate economic value.
This statement highlights the positive effect of intellectual property laws, as they protect innovations and creations, allowing creators to benefit financially from their work, which can enhance overall market value.
