Question

Patents are important in a market economy because

Question 1 options:

A)
corporations require patents in order to start operations


B)
governments depend on fees from inventors and drug companies


C)
sole proprietorships require patents in order to begin operation


D)
entrepreneurs are motivated by the chance to earn profits

Answer 1

D because when u start a business as long as u have a patent no one else can take your idea

Answer 2

Patents are important in a market economy because entrepreneurs are motivated by the chance to earn profits

Step-by-step explanation:

Many of the entrepreneurs are also investors and are constantly looking for good business opportunities to get a profit from a company or a product that is not their own absolutely, then when a person has the patent of a product this becomes very attractive to people since it is known that patents give the power to increase the price of the product in the market which leads to more profit.