Monopolists have no incentive to innovate as patents expire after a while.

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Monopolists have a strong incentive to innovate, as it allows them to maintain or further expand their market power. While patents do expire after a certain amount of time, monopolists can continue to innovate and develop new products or technologies to stay ahead of competitors. Patents also provide a temporary monopoly on the invention, allowing the monopolist to earn greater profits from it during that time.

Monopolists Have No Incentive to Innovate as Patents Expire After