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Market Equilibrium — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsMarket Equilibrium1 Mark
Question
Why are patent rights granted?
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Answer

Patent rights are granted with a view to:
  1. Encourage research and development.
  2. Give protection to the producers of new products.

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