Economics A Level (DONEEEEEEE): What are the Different Types of IPR, and how can they benefit?

Question

What are the Different Types of IPR, and how can they benefit?

eric_galvao · Accepted Answer

-Copyright and Patents are 2 main ways. Only the Firm that owns the IPR can use the Product/Service 
-Supernormal Profits is achieved, rewarded for the Creativity and Innovation
-Without IPR, Firs may have little incentive to Invest because its Rivals can copy for less Resources.

Economics A Level (DONEEEEEEE)

What are the Different Types of IPR, and how can they benefit?

-Copyright and Patents are 2 main ways. Only the Firm that owns the IPR can use the Product/Service -Supernormal Profits is achieved, rewarded for the Creativity and Innovation -Without IPR, Firs may have little incentive to Invest because its Rivals can copy for less Resources.

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