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Why does government sometimes give monopoly power to a company by issuing a patent?
Wiki User
∙ 11y ago
This can be read two ways.
Why the government? Because the patent process requires examination (to see if a new application is a duplicate of a previous patent), it needs to be handled by a centralized body. In the US, the Patent and Trademark Office is part of the Department of Commerce, which enables international dialog as well.
Why issue patents? To protect creators and researchers, and to encourage them to develop more products and processes by allowing them to derive an income from their creative output.
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoIf a company invests a lot of money and time to develop(or invent)a new and unique product,a patent allows that company to sell that product exclusively to recoup the expense of development,and to earn a profit. A patent has a time limit on it after which other companies can then sell a similar product.
Wiki User
∙ 8y agoThe company can then profit from their research without competition.
Wiki User
∙ 11y agocompany can profit for a limited time for their research without competition
=)
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Why does the government sometimes give monopoly the power to a company by issuing a patent?
The company can then profit from their research without competition.
Why does the government sometimes give monopoly power to a company issuing a patent?
The company can then profit from their research without competition.
What are some factors that can lead to a monopoly?
When one business or company dominates its area and squeezes out all its competition, the result is the consumer does not have a free choice, and inevitably the price of it's products or services...
What is Issuing Company?
I'm filing for unemployment and a field required is issuing company...it is on the same page asking for a personal id other than your social security. What does this mean? Issuing company???
What is the purpose of the company issuing stocks?
To raise money that can be used to grow the company.
Which level of government is responsible for issuing passports?
federal
What are the 2 ways in which a public limited company may finance its activities?
# By Issuing Equity Shares or # By Issuing Corporate Bonds
Which level of government is responsible for issuing drivers license?
State
What is a synonym for publication?
well, if you publish something, its like you're issuing it, so maybe, issue. For example, the sentence, The company specialized in the publication of books, would be the same if you used the word issuing: The company specialized in the issuing of books. Tell me if i'm right!!:)
What is the purpose of a company issuing stocks?
To raise money that can be used to grow the company
Who gets the money in an IPO?
The money raised in an IPO goes to the company issuing the shares, minus underwriting fees and other expenses related to the offering. This capital can then be used by the company for many reasons.
Did the british government overreact to colonial by issuing The Intolerable Acts?
yes
