Imagine Monsanto and

Syngenta, two leading seed companies, form a research joint venture $($RJV$)$ to develop new drought$-$resistant seeds. The RJV results in the creation of two types of knowledge: patent$-$protected genetic traits, which can be used exclusively by Monsanto and Syngenta, and general agronomic knowledge, which can be utilized by other seed companies without diminishing its value. Which of the following statements is most accurate about the

potential effects of the RJV$?$ A

I Patent$-$protected genetic traits may lead to increased market power and potential anti$-$

competitive effects for Monsanto and Syngenta, while general agronomic knowledge may promote innovation across the industry.