Government create monopoly power via its patent system

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Q1. $100 billion dollar government spending project causes a cumulative increase in spending of $400 billion, Illustrate what Enlightens this?

Q2. Elucidate why does the government create monopoly power via its patent system, when elsewhere it spends millions trying to prevent the emergence of or regulate monopoly power?

Q3. 2. XYZ Steel has an inventory of steel that it originally purchased for $20,000. It currently has an offer to sell the steel for $30,000. Should XYZ Steel's management agree to sell? Enlighten.

Reference no: EM1310404

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