Not looking for someone to write the essay, just looking for quality points that I can use to base the essay on. I am disagreeing with this claim, can someone make some dot points as to why Monopolies are bad for society because they decrease product innovation and not promote economic growth. If you could label these dot dot with economic principles as well that would be fantastic.

--------

"Monopoly rights are good for society because they encourage product innovation and promote economic growth". Critically evaluate this claim, considering arguments both for and against. To find arguments for the claim, research Schumpeter's theory of 'creative destruction' as well as the value of patent rights for research and development.Where possible, use real-world examples to support your arguments.