The competition among firms to acquire the rights to legal barriers to entry helps to reduce the welfare costs of monopoly.

Name: The competition among firms to acquire the rights to legal barriers to entry helps to reduce the welfare costs of monopoly.
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Competition among firms to acquire legal barriers to entry, such as patents or exclusive licenses, can actually increase the welfare costs of monopoly by limiting competition, raising prices for consumers, and potentially stifling innovation.

The Competition Among Firms to Acquire the Rights to Legal