The main economic rationale for a patent system is that, Ask an Expert

Economics

The main economic rationale for a patent system is that quick imitation and commercialization reduces the expected profits of drug companies which thereby diminishes innovative activities. Given market realities, do you think a patent system is truly necessary? Can you think of other alternatives to a patent that might maintain innovation but preserve competition?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91994614

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