Economics · Economy

Assertion (A): The patent system promotes innovation by granting inventors exclusive rights to their creations and encouraging public disclosure of new technologies. Reason (R): Patents provide a temporary monopoly to inventors, incentivizing research, while requiring detailed publication of the invention for public benefit.

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1The Assertion is false, but the Reason is true.
2The Assertion is true, but the Reason is false.
3Both Assertion and Reason are true, but the Reason is not the correct explanation of the Assertion.
4Both Assertion and Reason are true, and the Reason is the correct explanation of the Assertion.✓

Correct answer

Both Assertion and Reason are true, and the Reason is the correct explanation of the Assertion.

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