Monopoly Progress You are on question 4 of 10 Choose the BEST answer. If Congres
ID: 2429463 • Letter: M
Question
Monopoly Progress You are on question 4 of 10 Choose the BEST answer. If Congress reduced the period of patent protection from 20 years to 10 years, what would likely happen to the amount of private research and development? ?It would make innovation more lucrative, so tie amount of research and development would likely ¡crease O It would have no Impact on the amount of research and development ?It would make innovation less lucratve, so the amount of research and development would likely decline. Previous Next >Explanation / Answer
Correct Answer:
C
The decrease in the period from 20 years to 10 years, will act as discouragement to those, who invest heavily in R&D work. So, it will be less lucrative and R&D work will decrease.