Question

What is a monopoly of an invention called?​

Answer 1

Answer:

In the long-run, intellectual monopoly provides increased revenues to those that innovate, but also makes innovation more costly. Innovations generally build on existing innovations

Explanation:

Terms in this set (4)

Natural monopoly. A market situation where it is most efficient for one business to make the product.

Geographic monopoly. Monopoly because of location (absence of other sellers).

Technological monopoly. ...

Government monopoly.

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