Question
in Chapter 9, we learn that Article 1, Section 8, Clause 8 states that: Congress shall have Power To . . . promote the Progress
in Chapter 9, we learn that Article 1, Section 8, Clause 8 states that: "Congress shall have Power To . . . promote the Progress of Science and the useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective writings and discoveries." This is commonly referred to as the Patent and Copyright Clause. In other words, the ownership of intellectual property inherently creates a limited monopoly in the protected property.
Given our materials, we have learned that some monopolies are good, while others are bad. Why is this? Specifically, what are the purpose of antitrust laws, and what is the rationale behind the Patent and Copyright Clause?
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