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Were patents and copyrights established by the government to reduce oligopoly and monopoly power?

Updated: 8/23/2023

Wiki User

∙ 10y ago

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No patents and copyrights were established by government to increase oligopoly and monopoly power.

Wiki User

∙ 10y ago

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Wiki User

∙ 12y ago

No; a patent is itself a monopoly, giving the creator the exclusive right to manufacture and sell the patented work.

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Continue Learning about Economics

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There may be a case for government, the welfare consequences of monopoly, duopoly or oligopoly.

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What company operating under condition of monopoly and oligopoly?

There may be a case for government, the welfare consequences of monopoly, duopoly or oligopoly.

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