Suppose the government is considering extending the length of a patent from 20 years to 30 years.
Question:
Suppose the government is considering extending the length of a patent from 20 years to 30 years. How would this change each of the following?
a. The incentive to invent new products
b. The length of time during which consumers have to pay higher prices
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a Extending the length of a patent increases the length of ...View the full answer
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