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How do intellectual property rights promote competition according to the text?a)Intellectual property rights discourage innovation and collaboration among businesses.b)Intellectual property rights create monopolies and restrict consumer choice.c)Intellectual property rights encourage businesses to enhance their products and services.d)Intellectual property rights prioritize profit over public interest.Correct answer is option 'C'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about How do intellectual property rights promote competition according to the text?a)Intellectual property rights discourage innovation and collaboration among businesses.b)Intellectual property rights create monopolies and restrict consumer choice.c)Intellectual property rights encourage businesses to enhance their products and services.d)Intellectual property rights prioritize profit over public interest.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for How do intellectual property rights promote competition according to the text?a)Intellectual property rights discourage innovation and collaboration among businesses.b)Intellectual property rights create monopolies and restrict consumer choice.c)Intellectual property rights encourage businesses to enhance their products and services.d)Intellectual property rights prioritize profit over public interest.Correct answer is option 'C'. Can you explain this answer?.

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