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PW! Explain how a patent creates a kind of monopoly and what benefits a patent conveys to the owner. Explain what happens in a market

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PW!\" Explain how a patent creates a kind of monopoly and what benefits a patent conveys to the owner. Explain what happens in a market when patent protection for a technology runs out. Explain the effects of pay-fordelay actions on producers and consumers. Discuss whether pay-fordelay tactics should no longer be allowed, or should continue. Be sure to support your conclusion using economic arguments

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