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Journalist: Even though it may be true that the system of patenting encourages patent holders to share information that they otherwise would not have made open because of the fear of competitors benefitting from the research done solely by the patent holder, patenting does severely retard the growth of innovations in a field as _______________________________________________________
Which of the following, if true, best completes the above passage?
  • a)
    only the patent holder is able to reap the monetary benefits for the amount of time the patent is valid.
  • b)
    not only do patent holders have the exclusive right to the patented technology but also to any kind of developmental research on it.
  • c)
    the information disclosed by the patent holder could educate the public by making them aware of previously unknown facts about a phenomenon.
  • d)
    the usual period for which a company can hold a patent is twenty years during which patent holder can license the patented innovation to others.
  • e)
    even though not all innovations that are filed for patents are granted the status, some of them are extremely informative and useful for developmental work.
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Journalist: Even though it may be true that the system of patenting en...
Argument Analysis
Pre-Thinking
Conclusion Clarification
N/A
Pre-Thinking Approach
We need to find a statement which can indicate that innovation reduces even when information is shared and thereby provide support for the conclusion. For this, we’ll look at conditions where linkage 1 makes logical sense.
Linkage#1Option Statement
  • Support 1: Upon getting information from a patent, competitors get biased and leave their independent research in the same area that could have led to good results.  If this were true, the conclusion that patenting retards innovation growth in a field will be justified.
  • Support 2: Patents actually discourage further study of the topic to which the patent belongs.  If this were true, the conclusion that patenting retards innovation growth in a field will be justified.
With this understanding in mind, let’s take a look at the option statements.
Answer Choices
A
only the patent holder is able to reap the monetary benefits for the amount of time the patent is valid.
Incorrect - Irrelevant
The argument is concerned with research and what impact monetary benefits have on the motivation to do research is stated neither in the argument nor in the answer choice.
B
not only do patent holders have the exclusive right to the patented technology but also to any kind of developmental research on it.
Correct
This choice is written along the lines of our pre-thinking per Linkage #1, Support 2.
C
the information disclosed by the patent holder could educate the public by making them aware of previously unknown facts about a phenomenon.
Incorrect - Irrelevant
The education of public isn’t relevant to explaining how patents reduce innovation by researchers.
D
the usual period for which a company can hold a patent is twenty years during which patent holder can license the patented innovation to others.
Incorrect - Irrelevant
The details regarding the period of a patent and licensing don’t explain how patents actually reduce innovation as we don’t know what the terms of this period/license are
E
even though not all innovations that are filed for patents are granted the status, some of them are extremely informative and useful for developmental work.
Incorrect - Irrelevant
Whether innovations that fail to get the patent status are useful or not doesn’t explain how patents reduce innovation in a field.
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Journalist: Even though it may be true that the system of patenting encourages patent holders to share information that they otherwise would not have made open because of the fear of competitors benefitting from the research done solely by the patent holder, patenting does severely retard the growth of innovations in a field as _______________________________________________________Which of the following, if true, best completes the above passage?a)only the patent holder is able to reap the monetary benefits for the amount of time the patent is valid.b)not only do patent holders have the exclusive right to the patented technology but also to any kind of developmental research on it.c)the information disclosed by the patent holder could educate the public by making them aware of previously unknown facts about a phenomenon.d)the usual period for which a company can hold a patent is twenty years during which patent holder can license the patented innovation to others.e)even though not all innovations that are filed for patents are granted the status, some of them are extremely informative and useful for developmental work.Correct answer is option 'B'. Can you explain this answer?
Question Description
Journalist: Even though it may be true that the system of patenting encourages patent holders to share information that they otherwise would not have made open because of the fear of competitors benefitting from the research done solely by the patent holder, patenting does severely retard the growth of innovations in a field as _______________________________________________________Which of the following, if true, best completes the above passage?a)only the patent holder is able to reap the monetary benefits for the amount of time the patent is valid.b)not only do patent holders have the exclusive right to the patented technology but also to any kind of developmental research on it.c)the information disclosed by the patent holder could educate the public by making them aware of previously unknown facts about a phenomenon.d)the usual period for which a company can hold a patent is twenty years during which patent holder can license the patented innovation to others.e)even though not all innovations that are filed for patents are granted the status, some of them are extremely informative and useful for developmental work.Correct answer is option 'B'. Can you explain this answer? for GMAT 2024 is part of GMAT preparation. The Question and answers have been prepared according to the GMAT exam syllabus. Information about Journalist: Even though it may be true that the system of patenting encourages patent holders to share information that they otherwise would not have made open because of the fear of competitors benefitting from the research done solely by the patent holder, patenting does severely retard the growth of innovations in a field as _______________________________________________________Which of the following, if true, best completes the above passage?a)only the patent holder is able to reap the monetary benefits for the amount of time the patent is valid.b)not only do patent holders have the exclusive right to the patented technology but also to any kind of developmental research on it.c)the information disclosed by the patent holder could educate the public by making them aware of previously unknown facts about a phenomenon.d)the usual period for which a company can hold a patent is twenty years during which patent holder can license the patented innovation to others.e)even though not all innovations that are filed for patents are granted the status, some of them are extremely informative and useful for developmental work.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for GMAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Journalist: Even though it may be true that the system of patenting encourages patent holders to share information that they otherwise would not have made open because of the fear of competitors benefitting from the research done solely by the patent holder, patenting does severely retard the growth of innovations in a field as _______________________________________________________Which of the following, if true, best completes the above passage?a)only the patent holder is able to reap the monetary benefits for the amount of time the patent is valid.b)not only do patent holders have the exclusive right to the patented technology but also to any kind of developmental research on it.c)the information disclosed by the patent holder could educate the public by making them aware of previously unknown facts about a phenomenon.d)the usual period for which a company can hold a patent is twenty years during which patent holder can license the patented innovation to others.e)even though not all innovations that are filed for patents are granted the status, some of them are extremely informative and useful for developmental work.Correct answer is option 'B'. Can you explain this answer?.
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