Question

Patents, copyrights, and trademarks:________

a. are examples of government-created monopolies.
b. allow their owners to reduce the costs of what they produce.
c. generate more revenue for the government than they cost consumers in the form of higher prices.
d. All of the above are correct.

Answer 1

Answer: a. are examples of government-created monopolies.

Step-by-step explanation:

Patents, copyrights and trademarks are given by a government to a company to protect its products from being produced by other companies without permission which means that only the company with this government protection can produce the goods in question.

This therefore makes the company producing the goods a monopoly and one that was created via government actions.