Assignment Example | Topics and Well Written Essays - 250 words - 2

Assignment ExampleIn other words, patents give these inventors the right to bear on a monopoly for twenty years. Monopolies are so important in this context because if they did non exist, an inventor would in all likelihood not receive any financial compensation for his or her work, since the imitators would steal it and flood the market with copied stuff, fashioning the price collapse along with them. As a result, in a world without patents, a split up less people would invest their time, effort and money required to achieve new things. In hostelry to remedy this situation, the nations all around the world offer inventors monopolies on patents. The result is much quicker regeneration an economic growth much more accelerated and at quicker speeds in the lifestyles. In truth, it is severe to think about a more beneficial monopoly from the social view of patents (http//www.beginnermoneyinvesting.com/html/examples_of_ trustworthy_monopolies_.htm). 2. USPS The maintenance of the U SPS 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.