economics question

Que-\"i\" 17 [5 marl-cs) Imagine you are working for a Patents Office and are considering implementing different patent lengths for Not yet saved different industries. Your manager has suggested that you choose either 10 years or 20 years. Which patent length Marked out of would you recommend for each of industry A and B? [You can recommend the same length for both industries or 5-00 different lengths but remember to justify your choices). Industry A has the following characteristics: quantity y Flag demanded changes substantially for a given percentage change in price, the marginal cost of production is low, question research is challenging and expensive, and it is difficult to distinguish between a broad range of products that are made by industry A. Industry B has the following characteristics: quantity demanded changes only slightly for a given percentage change in price, the marginal cost of production is high' and research is relatively easy and cheap. Your manager suggests that the discount rate should be low [for both industries) following the coronavirus pandemic. _1_ Av B u 1' .Iv in F1" .55 "Iii meg