What type of monopoly are patent and copyright laws major sources of
A)natural monopolies
B)government-created monopolies
C)resource monopolies
D)product monopolies

Question

Quizplus · Accepted Answer

Patent and copyright laws are major sources of government-created monopolies. These laws grant exclusive rights to use, make or sell a product or idea to the creator or owner, giving them monopoly power in the market. The aim of these laws is to encourage innovation and creativity, but they can also lead to anti-competitive behavior and higher prices for consumers.

What Type of Monopoly Are Patent and Copyright Laws Major