RECOMMENDED!!Effect on R&D Expense as Patent Life Changes

  

Effect on R&D Expense as Patent Life ChangesDo you think the overall level of R&D would increase or decrease over the next 20 to 30 years if the lengths of new patents were extended from 20 years to, say “forever”? What if the duration was reduced from 20 years, to say, 3 years? Which situation would create more monopoly power in the market?

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