Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. economics
  3. given the problems associated with​ monopol

Given the problems associated with​ monopolies, explain why the government grants monopolies in the form of...

70.2K

Verified Solution

Question

Economics

Given the problems associated with​ monopolies, explain why thegovernment grants monopolies in the form of patents and copyrights.What would happen without these government granted​ monopolies

Answer & Explanation Solved by verified expert
4.4 Ratings (697 Votes)
A governmentgranted monopoly and the monopoly to be served under government is a form of coercive monopoly by which a government grants exclusive privilege to a private individual or firm to be the sole provider of a good or service potential competitors are excluded from the market by law regulation or other mechanisms of government enforcement As a form of coercive monopoly governmentgranted monopoly is contrasted with a coercive monopoly or an    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Chemistry
1.2K views

Provide a chemical definitation of the following: 1- Equilibrium Constant 2- Le Chatelier princeiple. 3- Dynamic equilibrium

Psychology
1.2K views

Discuss how punishment and negative reinforcement differ, and list some drawbacks of punishment as a behavior-control...

Psychology
1.2K views

QUESTION 48 Mason, a stockbroker, runs two miles every day after work because it reduces his level...

Calculus
1.2K views

3 Find three mutually orthogonal unit vectors in R besides ti tj and k There...

Algebra
1.2K views

Factor the expression completely 5x Answer X

Accounting
1.2K views

8 On June 30,2024 , a company signs a lease requiring...

Accounting
1.2K views

I need help solving the problem posted below: Entries and Schedules for Unfinished Jobs and...

Accounting
1.2K views

The citizens of Spencer County approved the issuance of $2,008,000 in 6 percent general obligation...

Finance
1.2K views

brealey myer and marcus fundamental of corporate finanace 9th edition mc grew 2018 Chapter 1...

Accounting
1.2K views

Answer the following questions based on the year end financial statement. ...

Finance
1.2K views

Misty has the option to buy two different annuities. The first starts in five years...

Accounting
1.2K views

Arundel Corporation tiene 7,000 acciones del 6% de acciones preferentes acumuladas de $100 a la...