Statement I.Patents are granted to investors so that they have a chance to get rich before someone else uses their ideas.
Statement II.Patents are essential to pharmaceutical companies,which may spend hundreds of millions of dollars developing a drug.

A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.

Question

Nahomi Rodriguez · Accepted Answer

Final Answer : C, Explanation :  Both statements are true. Statement I highlights the purpose of patents - to protect the inventors' ideas by granting them the right to exclude others from making, using, or selling their invention for a limited time. This encourages inventors to create more by giving them a chance to commercialize their inventions and earn profits. Statement II is also true because patents are critical in the pharmaceutical industry, where companies invest vast sums of money in research and development to bring new drugs to market. Patents enable drug companies to recoup their costs and generate a profit, which encourages them to continue investing in new drugs.

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