Question 4IP rights lead to which of the following?1 pointMonopoly pricingCompetitive pricingPricing between a monopoly and competitive pricing

Intellectual Property (IP) rights often lead to monopoly pricing. This is because when a company or individual holds the IP rights to a product or service, they are the only ones who can produce and sell that product or service. This lack of competition allows them to set the price at whatever level they choose, often resulting in higher prices for consumers. This is known as monopoly pricing.

However, it's important to note that this isn't always the case. Sometimes, IP rights can lead to pricing between a monopoly and competitive pricing. This can occur when there are similar products or services on the market that don't infringe on the IP rights. In these cases, the holder of the IP rights may need to price their product or service competitively to attract consumers.

So, the answer to your question is that IP rights can lead to both monopoly pricing and pricing between a monopoly and competitive pricing.