Patents have been defended by some on the grounds that they stimulate inventive activity. Others have argued for changes in current patent laws because:
a. resources are misallocated by the grant of a patent monopoly
b. patents may not be necessary to encourage inventive activity
c. the current patent monopoly period (17 years) is too short to encourage any inventive activity.
d. a and b only
e. all of the above© BrainMass Inc. brainmass.com May 20, 2020, 2:14 pm ad1c9bdddf
Patents are explained briefly.