Which statement correctly distinguishes trademarks and patents and describes their impact on licensing, innovation, and competition?

• A. Patents protect branding; trademarks protect inventions; they influence licensing, innovation, and competition
• B. Trademarks protect branding; patents protect inventions; affect licensing, innovation, and competition
• C. Copyright protects branding; trademarks protect inventions; patents govern fair use
• D. Trademarks protect functions of devices; patents protect user data

Answer: (B)