Patents create monopolies by restricting
prices
profit
entry
demand
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Answered by
1
Answer:
demand
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0
Answer:
Patents create monopolies by restricting
(C)Entry.
Explanation:
- Patent is an intellectual right in which the permission is granted to a inventor by a sovereign authority.
- Its provide exclusive right to the inventor to patent the process, design or invetion for certain period of time in exchange for a complete disclosure of the invention.
- Patents are of three types-
1.Utility patents
2.Plant patents
3.Design patents
- Design patents are granted for 14 to 15 years and patent for plants and utility are granted for 20 years.
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