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

Feb 3rd, 2012
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Ashworth College
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Under this Learning Activity, why does the Government create monopolies through the patent system? Is the patent system the only way how to create government monopolies?

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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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