What is one negative effect of intellectual property laws on innovation?(1 point)
Responses
They ensure individuals and organizations profit from their innovations.
They protect innovators from piracy and illegal infringement of their intellectual property protection.
They are laxly applied resulting in false patent claims.
They encourage more innovators to stake their investments in research and development (R&D).
1 answer
One negative effect of intellectual property laws on innovation is that they can sometimes stifle competition and limit the ability of others to build upon existing ideas or concepts.