We often take for granted that there is a distinction between “good” monopolies and “bad” monopolies. Bad are deemed prejudicial to the public good. Good monopolies were beneficial to the public and accordingly were within the powers of the government…
In other words, patents give these inventors the right to keep a monopoly for twenty years. Monopolies are so important in this context because if they did not exist, an inventor would probably not receive any financial compensation for his or her work, since the imitators would steal it and flood the market with copied stuff, making the price collapse along with them. As a result, in a world without patents, a lot less people would invest their time, effort and money required to achieve new things. In order to remedy this situation, the nations all around the world offer inventors monopolies on patents. The result is much quicker innovation; an economic growth much more accelerated and at quicker speeds in the lifestyles. In truth, it is difficult to think about a more beneficial monopoly from the social view of patents (http://www.beginnermoneyinvesting.com/html/examples_of_good_monopolies_.htm). 2. USPS The maintenance of the USPS monopoly is good because provision of uniform subsidized mail service (particularly to remote areas) produces positive externalities that would be underproduced by a competitive market; and ii) provision of conventional mail services lends itself to "natural monopolies" in smaller markets. The USPS does not operate its enterprise in order to maximize profits, as would a conventional monopolist. ...
Cite this document
(“Assignment Example | Topics and Well Written Essays - 250 words - 2”, n.d.)
Retrieved from https://studentshare.net/other/25510-assignment
(Assignment Example | Topics and Well Written Essays - 250 Words - 2)
“Assignment Example | Topics and Well Written Essays - 250 Words - 2”, n.d. https://studentshare.net/other/25510-assignment.
With time, people have learnt the many benefits that globalization has brought, from the improvement of the relationship among countries to improvement of the transport sectors in various countries. It has enabled the development of countries that were termed as third-world and second-world ones to be of a higher level.
Key Alternatives: Andreas can choose between to leave the job and hunt for a new job with similar position in other companies while looking after his family including children and parents. Or else he could
Ryan is supposed to pay the Company because he had breached a contract. In respect of Restatement (Second) of Contract 241 (1981) clause the case has all elements of breach of contract. Mr. Ryan will have to pay the Company 10 % plus the
tical risk arises from the fact that a sovereign country can change the “rules of the game” and the affected parties may not have effective recourse” (Eun and Resnick).
The post of Susan is correct and she has also provided the definition of expropriation, which strongly
Molecules at S0, S1, and S2 have distinguishing characteristics. It can also be studied in an ESP spectroscopy. It involves electronically exciting and quenching a molecule.
Polarization helps in identification of
From the two investment projects being considered by Canadian Metal Company, both have a positive net present value therefore in this case the investment that should be made is the one with a higher net present value which is the oil
may have cash tied in global sales hence increase the company’s borrowing base by considering the inventory and raw materials (Ambrose, Cheng & King, 2010). A good example is the Export-Import Bank of the United States, which is the official export credit bank in the U.S. Some
1 Pages(250 words)Assignment
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Assignment on topic Assignment for FREE!