Which of the following can be identified as the main policy objectives of a patent system? 1. To encourage an inventor to disclose an invention by granting exclusive rights over the invention to the inventor. 2. To benefit the public by limiting the scope and term of the exclusive rights granted to an inventor. 3. To benefit the public through encouraging innovation by publishing a full disclosure of the technical details of the invention. 4. To benefit the public through guaranteeing that the inventor can commercialize his/her invention. Select the correct option.

2, 3 and 4
3, 4 only
1, 2 and 4
All of the above

The correct answer is D. All of the above.

A patent system is a legal framework that encourages innovation by granting inventors

exclusive rights over their inventions for a limited period of time. This exclusive right allows inventors to profit from their inventions, which in turn encourages them to invest in research and development.

The public benefits from a patent system in several ways. First, the publication of patent applications provides the public with access to technical information about new inventions. This information can be used to improve existing products and services, or to develop new ones. Second, the exclusive rights granted by patents provide an incentive for inventors to commercialize their inventions, which can lead to new products and services that are available to the public. Third, the limited term of patent protection ensures that the public will eventually have access to patented inventions, without having to pay royalties to the inventor.

In conclusion, the main policy objectives of a patent system are to encourage innovation, to benefit the public through access to technical information, and to benefit the public through the commercialization of new inventions.

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