What positive effect do intellectual property laws have on the business market value?(1 point)

Question

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 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.

Answer 1

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