This is a discussion on the government will sometimes give monopoly power to a company by issuing a patent within the Legal Issues forums, part of the Business category; because the:? a. government does not want competition for the product b. company can make the product better than anyone ...
the government will sometimes give monopoly power to a company by issuing a patent
because the:? a. government does not want competition for the product
b. company can make the product better than anyone else can
c. company pays the government for the patent
d. company can profit for a limited time for their research without competition
The answer is d.
The reason that the government allows temporary monopolies through patents is that they want to encourage invention and innovation. If, every time someone invented something, everyone could use it and make it, there wouldn't be much economic incentive to invent things. Your competitors would instantly be able to copy you, thus you wouldn't make any additional profit, and any resources and time you spent in your research and development would show very little, if any, economic benefit to you.
Patents serve to reward inventive behavior by granting temporary monopolies.
Re: the government will sometimes give monopoly power to a company by issuing a paten
I` ve even never thought about it, l`ll bear it in my mind
Re: the government will sometimes give monopoly power to a company by issuing a paten
I am agree with d answer, Like in my country. the reason .... no comment.Originally Posted by lvlatterized
Re: the government will sometimes give monopoly power to a company by issuing a paten
Patenting is very important. It encourages invention and innovation !
Re: the government will sometimes give monopoly power to a company by issuing a paten
company can profit for a limited time for their research without competition
this is the important issue
Re: the government will sometimes give monopoly power to a company by issuing a paten
I think the answer is .d , but I am not sure about it....
Re: the government will sometimes give monopoly power to a company by issuing a paten
Monopoly is very dangerous for an economy it make loss to other partner companies. All the profit gone to the single one.
Re: the government will sometimes give monopoly power to a company by issuing a paten
Government sometimes gives monopoly power to a single company due this other faces loss. Monopoly is a very dangerous policy for an economy or a country. Due to this scarcity or rise in price has to be faced.
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