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A patent gives the inventor monopoly control over the patented good.Patents also a.lead to an increase in the number of producers of the patented good.

A patent gives the inventor monopoly control over the patented good.Patents also

a.lead to an increase in the number of producers of the patented good.

b.lead to increased entry into the market for the patented good.

c.lead to lower prices for goods.

d.create incentives to develop new products.

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