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

Question

Responses

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 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.

Answer 1

Intellectual property laws give individual innovators and firms the ability to maximize profit and generate economic value. This is because intellectual property protection allows companies to have exclusive rights to their creations, products, or ideas, giving them a competitive advantage in the market. This can help increase the market value of the business as investors and consumers may place a higher value on products or services that are protected by intellectual property laws. Additionally, intellectual property rights can also attract potential partnerships and collaborations, further enhancing the business market value.

Answer 2

answer using one of the responses

Answer 3

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