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why does the Government create monopolies through the patent system? Is the patent system the only w

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The government creates monopoly through patent system to get maximum revenue from the
business because in monopoly there is only one manufacturer in the market and consumers can
buy the goods from that manufacturer only.
Because of no competition government can charge as much price as they want, as no other
manufacturer is there to sell same or similar kind of product.
No one is allowed to enter into the business because of patent rights, which means exclusive
right or license is granted for a set period of time which excludes others from entering into the
same business.
Ultimate advantage is given to single manufacturer only, they can manipulate the prices and
supply of product.
Yes patent is the only way to create government monopoly. Acquiring patent right will not allow
the other manufacturer to manufacture same kind of product. That means only one person can
control the entire market.

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The government creates monopoly through patent system to get maximum revenue from the business because in monopoly there is only one manufacturer in the market and consumers can buy the goods from that manufacturer only. Because of no competition government can charge as much price as they want, as ...
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