Why does government support patent process

Assignment Help Business Economics

Reference no: EM1367324

Q. Government awards patents for innovation in which patented product can earn monopoly profits for a limited period of time. 1) Elucidate why government supports patent process 2) elucidate why government generally does NOT encourage monopoly behaviour

Q. Why does government support patent process and why does government not encourages monopoly behaviour?

Reference no: EM1367324

Questions Cloud

Describe demand and marginal income : Describe demand and marginal income curves faced by a industry in a purely competitive market. Are they different from those faced by a industry in oligopolistic competition.

Illustrate what type of market structure is auto industry : Illustrate what type of market structure is auto industry. Has consumer surplus been affected in any way due to changes in auto industry structure and if so, how.

Why triggers are significant in database systems : What are triggers used for, and why are they significant in database systems? Give an example of situation where a trigger would be appropriate. What would implementation of this trigger look like?

How many joules of thermal energy are produced : An arrow is fired with a speed of 23 m/s at a block of Styrofoam resting on a smooth surface. The arrow penetrates a certain distance into block before coming to rest relative to it. All through this process the arrow's deceleration has the magnit..

Why does government support patent process : Why does government support patent process and why does government not encourages monopoly behaviour.

Define black market : May rise or reduce in absolute value as one moves southeast along an indifference curve, depending upon whether the substitution or income effect is dominant.

Elucidate reason for both wage and cost rigidities : Elucidate reason for both wage and cost rigidities including policy implications for se rigidities. Would you conclude on se reasons suggested by New Keynesian economists as relevant to unemployment situation in South Africa.

Nursing theories-analyze the concept definitions : Select a core concept that is common to two or more nursing theories; compare and analyze the concept definitions among the selected theories.

What is the maximum speed ball can have : You are trying to slide a refrigerator across a horizontal floor. The mass of the refrigerator is 188kg, and you require to exert a force of 347N to make it just begin to move. What is the coefficient of static friction between floor and refrigera..

User Account

All Pages