Question Solved1 Answer You read about patents and know they can extend for 20 years.That in itself is interesting, but the details are what make this atopic worth discussing. Consider these two instances. Jack invents a new can opener and is granted a patent. Jillinvents a pharmaceutical that cures brain cancer by simply takingone of the new pills she invented and is also granted a patent.Do you think the twenty-year life of the patent is appropriatefor both instances? Whether your answer is yes, no or both,share your thoughts that support your opinions.

ZQZ4ST The Asker · Economics

You read about patents and know they can extend for 20 years. That in itself is interesting, but the details are what make this a topic worth discussing. Consider these two instances. Jack invents a new can opener and is granted a patent. Jill invents a pharmaceutical that cures brain cancer by simply taking one of the new pills she invented and is also granted a patent.

Do you think the twenty-year life of the patent is appropriate for both instances? Whether your answer is yes, no or both, share your thoughts that support your opinions.

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Hey champ,Welcome to this platform. Here you will get the answerok with better quality in minimum time. This answers has been given by qualified expert. In the event that you face any uncertainty than you might post the comment for this answer.Your answer is given below: 1.In case of Jack invented a new can opener the duration of the patent is not up-to 20 years due to declining production and demand of the the cans and due to the other tools used by people to open their cans in the market.  2.Twenty year life of the patent is possible in case of Pharmaceutical which Jill invented.  Since 1995, patents have been valid for 20 years following the filing of the patent application. The terminology for certain other, less prevalent categories of patents are different ... See the full answer