Question

Patent laws:

a. increase incentive to innovate by restricting entry into a market
b. give a firm the right to provide a wide variety of goods or services
c. increase incentive to innovate by giving a firm permanent and exclusive production rights
d. reduce incentive to innovate by restricting market entry
e. reduce incentive to innovate by making it difficult to use the patented innovation

Answer 1

Answer:

c. increase incentive to innovate by giving a firm permanent and exclusive production rights

Explanation:

Patent laws deal with new invention.

A patent is a right granted to an inventor by the government that allows the inventor to prevent others from producing, selling or using the invention for a specified period of time. 

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