True or false? Monopolies are bad; patents give firms monopoly; therefore, patents are bad. Why?

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True or false? Monopolies are bad; patents give firms monopoly;

therefore, patents are bad. Why?

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Microeconomics

ISBN: 9781260507140

11th Edition

Authors: David Colander

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Question Posted: Mar 14, 2024 04:00 AM

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True or false? Monopolies are bad; patents give firms monopoly; therefore, patents are bad. Why?

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Answer False Monopolies are generally considered bad for several reasons They can lead to higher pri...View the full answer

Microeconomics

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