Good Monopolies Essay
Monopolies may benefit certain situations, even if the costs exceed the advantages. Patents are the most evident example of a trust benefiting society. After 20 years of exclusivity, patents revert to the public domain, allowing innovators to commercialize their creations. That is, patents allow innovators to have a 20-year monopoly. Copycats will steal an inventor’s ... Read More
Pages: 3 Words: 761