Question

Patents are important in a market economy because question 1 options:

a. governments depend on fees from inventors and drug companies
b. entrepreneurs are motivated by the chance to earn profits
c. corporations require patents in order to start operations
d. sole proprietorships require patents in order to begin operation

Answer 1

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

Step-by-step explanation:

Companies can get a lot of benefits from owning the patent of a product, invention or service, due to the possibility of incrementing the cost of the goods in the market and the interest of investors that will make the company grow at the same time they get a percentage profit, this will also benefit the economy of the cities and countries as they can create new jobs.

Answer 2

Patents are important in a market economy because B. entrepreneurs are motivated by the chance to earn profits.
They will give money to people with ideas in hope that their money will be returned to them at some point and that they will earn a lot of it.