Question

How do patents help promote competition?

They support people who wish to copy and profit from registered inventions.

Knowing inventions can be protected encourages people to create new things.

The owner of the patent can prevent other people and businesses from innovation.

A patent can discourage businesses from offering new or improved goods and services.

Answer 1

knowing inventions can be protected encourages people to create new things

Answer 2

B. Knowing inventions can be protected encourages people to create new things.

Step-by-step explanation:

A patent is a form of legal right given to inventors to prevent others from making, copying, selling or using their invention for a limited period (usually 20 years).

There are 3 types of patents: utility patents, design patents, and plant patents.

Patents encourage competition because they compel others to be original and invent their own things.

Also, when someone is granted exclusive monopoly of their invention, they tend to have more incentive to make advances in their fields.