use the herbicide. Monsanto seeds for crops, such as soy dup. This strategy succeeded s now account for 40 percent ed a great deal about the pro- oking for other ways to apply ant to most of the insects that onsanto's genetic innovations are now being inserted into 80 percent of all corn sold in it is no surprise that Monsanto deed, over the past decade, the ts seeds by about 80 percent in ave said they wished Monsanto here. But the biggest complain- santo's competitors, who argue competition." such competitor complaints. If perior to those of other firms and armers would indeed be harmed mpetitors would benefit because self out of the market. Now imag- cent better than those of competi- "only" 80 percent. In this case, onsanto is outcompeting them on Monsanto is benefiting the farm- DISCUSSION QUESTIONS 1. Suppose property rights to new buildings were limited to 20 years. How would this affect the incentive to invest in new buildings? 2.) What is it about innovations that make them more likely to be sub- jec