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Why do you regulate monopoly but at the same time protect patents?
Wiki User
∙ 12y ago
Patents are like the intellectual property rights. If a person patents something, then that means they were the first ones to record that idea and so why shouldn't they have sole ownership of that patent from bigger companies from coming in and copying it without having done all the reaserch and hard work?
Monopoly regulates competition so that the consumer gets fair market prices for goods and services so that companies cant charge you what they want.
One rightly controls an Idea, the other controls Price in the consumers interest.
Wiki User
∙ 12y ago
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Is monopoly here and now edition any different to the traditional monopoly?
No they are all the same no matter what addition of monopoly you get the rules are all the same .The only difference would be the game piece's, names of the places on the board or the money.
Is apple a unethical monopoly?
No, they have competitors and a monopoly doesn't . Yes, they try to control how other companies use the same type technology.
What are the different versions of monopoly?
Perfect Monopoly: It is also called as absolute monopoly. In this case, there is only a single seller of product having no close substitute; not even remote one. There is absolutely zero level of competition. Such monopoly is practically very rare.Imperfect Monopoly: It is also called as relative monopoly or simple or limited monopoly. It refers to a single seller market having no close substitute. It means in this market, a product may have a remote substitute. So, there is fear of competition to some extent e.g. Mobile (Cellphone) telcom industry (e.g. vodaphone) is having competition from fixed landline phone service industry (e.g. BSNL in India).Private Monopoly: When production is owned, controlled and managed by the individual, or private body or private organization, it is called private monopoly. e.g. Tata, Reliance, Bajaj, etc. groups in India. Such type of monopoly is profit oriented.Public Monopoly: When production is owned, controlled and managed by government, it is called public monopoly. It is welfare and service oriented. So, it is also called as 'Welfare Monopoly' e.g. Railways, Defence, etc.Simple Monopoly: Simple monopoly firm charges a uniform price or single price to all the customers. He operates in a single market.Discriminating Monopoly: Such a monopoly firm charges different price to different customers for the same product. It prevails in more than one market.Legal Monopoly: When monopoly exists on account of trade marks, patents, copy rights, statutory regulation of government etc., it is called legal monopoly. Music industry is an example of legal monopoly.Natural Monopoly: It emerges as a result of natural advantages like good location, abundant mineral resources, etc. e.g. Gulf countries are having monopoly in crude oil exploration activities because of plenty of natural oil resources.Technological Monopoly: It emerges as a result of economies of large scale production, use of capital goods, new production methods, etc. E.g. engineering goods industry, automobile industry, software industry, etc.Joint Monopoly: A number of business firms acquire monopoly position through amalgamation, cartels, syndicates, etc, it becomes joint monopoly. e.g. Actually, pizza making firm and burger making firm are competitors of each other in fast food industry. But when they combine their business, that leads to reduction in competition. So they can enjoy monopoly power in market.
What is shared monopoly?
Shared or Joint monopoly refers to anticompetitive behaviour by firms, normally an oligopoly, in order to secure monopoly profits for the firms as a group. Essentially, shared monopoly requires some form of collusion but stops short of being a formal cartel. It is therefore similar to tacit collusion. In a shared monopoly firms may not compete for the same customers and have instead local monopolies.
What is the difference between a trust and a monopoly?
A monopoly is a company that owns all parts of a business and a trust is different companies that meet to reduce competition and form prices within the same range.
How are patents and licenses barriers to entry?
Patents establish a temporary monopoly, preventing other entities from developing the same products without a license.
Why are patents sometimes referred to as monopolies?
A monopoly is when one person or company has total control over the market for a certain product or service. Like in the Hasbro game of Monopoly: when you own all the properties of the same color, you have a monopoly. If you patent a product, it means that your product is documented so no one can take your ideas and/or designs and claim them as their own. So you are the only one that can claim that product and you have complete control over that product's market. Therefore, you have a monopoly on your product.
What the instructions on how to play the Cars 2 Monopoly game?
All monopoly games have the same instructions
Is monopoly here and now edition any different to the traditional monopoly?
No they are all the same no matter what addition of monopoly you get the rules are all the same .The only difference would be the game piece's, names of the places on the board or the money.
How much money do each player get in speed game monopoly game?
same as regular monopoly. 1500 dollars
What are the disadvantage of acquiring a company in the same industry?
Monopoly
Are regulate and regularize the same word?
No. regulate means control. Regularize means make normal.
Is apple a unethical monopoly?
No, they have competitors and a monopoly doesn't . Yes, they try to control how other companies use the same type technology.
A monopoly may exist because?
if you have all of the proporties of the same suit. ex: boardwalk and parkplace. you have all of the proporties so hence a monopoly.
What was old fashion monopoly like?
it's was tha same, but old.!
Is Monopoly the same as Monopoly electronic banking?
All of the "classic" Monopoly games are for the most part the same. The difference in the "electronic banking" version is that the colorful paper money is replaced by running bank balances tallied by the game's calculator "bank."
How are some nations working to protect the earth's resources?
creating laws to regulate the amount of pollution that is released into the air, planting trees at the same rate they are being cut down, teaching citizens about water consumption and waste
