Given that monopolies create deadweight loss, why does the government grant patents and copyrights that give firms
Question:
Given that monopolies create deadweight loss, why does the government grant patents and copyrights that give firms monopoly power?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
The government grants patents and copyrights to firms for several reasons despite the deadweight los...View the full answer
Answered By
Mark Odhiambo Odero
As a Bachelor of Education graduate from KIbabii University and an assistant lecturer at JKUAT, I have gained extensive experience and developed professional qualities that make me a great candidate for an academic writer at SolutionInn.
Firstly, I have a strong passion for education and tutoring. This passion has motivated me to pursue a career in education and has helped me to become an effective educator. I believe that education is the key to unlocking the potential of individuals, and I am committed to helping students achieve their full potential. My passion for education has also helped me to stay up-to-date with the latest developments in education and teaching methodologies.
Secondly, I possess excellent communication skills. Communication is an essential aspect of education, and as an assistant lecturer, I have developed effective communication skills that have helped me to interact with students, colleagues, and senior lecturers effectively. I am able to communicate complex ideas in a simple and understandable way, and this has helped me to build strong relationships with my students.
Thirdly, I have strong organizational skills. As an assistant lecturer, I am responsible for preparing course materials, grading assignments, and keeping track of student progress. These responsibilities require a high level of organization and attention to detail, and I have developed effective organizational skills that enable me to manage these tasks effectively. These skills will be useful in my role as an academic writer at SolutionInn, where I will be required to manage multiple projects and meet tight deadlines.
Fourthly, I am a self-motivated and proactive individual. I take the initiative to identify problems and find solutions to them, and I am always willing to go the extra mile to ensure that I deliver high-quality work. I am also a fast learner and can adapt to new situations quickly, which is essential in the fast-paced world of academic writing.
Lastly, I possess excellent research skills. As an academic writer, research is an essential aspect of my job, and I have developed effective research skills that enable me to find relevant and reliable information quickly. I am also proficient in using various research tools and software, which will be useful in my role as an academic writer.
In conclusion, my professional qualities make me a suitable candidate for an academic writer at SolutionInn. I am passionate about education, possess excellent communication and organizational skills, am self-motivated and proactive, and have excellent research skills. I believe that these qualities will enable me to deliver high-quality work and help students achieve their academic goals.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Write a paper examining perfect competition in the value-menu fast-food restaurant business. Address the following questions in your paper: a. What are the characteristics of perfect competition? Why...
-
Googles ease of use and superior search results have propelled the search engine to its num- ber one status, ousting the early dominance of competitors such as WebCrawler and Infos- eek. Even later...
-
Why does the government grant some companies, such as public utilities, monopoly power?
-
Holly funded the Holly Marx Trust in January 2020. The entire trust income is payable to her adult son Jack for 20 years. At the end of the twentieth year, the trust assets are to pass to Hollys...
-
The auditor has completed her work on the financial statements of Leslie Kwok Incorporated (LKI) for the year ended 31 December 20X7. The auditor signed her audit opinion on 5 March 20X8; LKIs Board...
-
Salt Foods purchases forty $1,000 7%, 10-year bonds issued by Pretzelmania, Inc., for $37,282 on January 1. The market interest rate for bonds of similar risk and maturity is 8%. Salt Foods receives...
-
Explain the applicability of independent internal verification to payroll transactions.
-
It is time to negotiate a new contract with some of Lightning Wholesale's unionized employees. The company believes in dealing fairly with its employees. Based on the current economic environment,...
-
Gender and sexuality are taken up in myriad ways in our day-to-day lives. This assignment provides you with the opportunity to demonstrate your ability to apply course learning to current events....
-
Identify one monopolistically competitive market that was not mentioned in this chapter. Discuss how firms in that market try to differentiate their products and encourage consumers to be loyal to...
-
There are many competing laundromats in Cleveland, but some will wash and fold your clothes for you, some provide free beverages, and some offer Wi-Fi. Which market structure characterizes the...
-
A mercury thermometer measures temperature by measuring the volume expansion of a fixed mass of liquid Hg due to a change in the density, see problem 2.35. Find the relative change (%) in volume for...
-
Provided below is the activities to be completed in order to accomplish a project. Activities 1-2 Duration in weeks Optimistic time Most likely time Pessimistic time 1 1-3 1-4 2-5 3-5 2 132132 4-6...
-
a) Explain what operation analysis is and using example; discuss the stages in an Operations Analysis study. (8 marks) b) Give an economic interpretation of Hawkins Simon Conditions in the three...
-
a) Nyamakima group of companies has a sponsored a weight loss programme for mothers aged 18-40 years who are obese. The programme nutritionist has set up minimum daily requirement for several kind of...
-
a) Describe info-gap decision theory citing its three models of decision making under uncertainty. [6 Marks] b) Kerubo is dealing with uncertain income situation. She expect to make Ksh. 20,000 per...
-
There are several Tax Credits and Deductions that reduce Tax Liability (the amount of tax you owe the government), including the Earned Income Tax Credit meant to assist those with lower earned...
-
Do you think that a company such as Caterpillar could benefit from Web community research? Ford? United Airlines?
-
As water moves through the hydrologic cycle, water quality changes are common because of natural phenomena or anthropogenic pollution. Using Figure 11.1, describe how water-quality changes occur...
-
Does economics help to teach us how to approach problems, or does it provide us with a set of answers to problems?
-
Which of the following is a normative economic statement? a. The unemployment rate for the United States is currently 5.4%. b. The inflation rate in the United States is too high. c. An increase in...
-
A model (or theory): a. Is a general statement about the causal relationship between variables based on facts. b. Helps explain and predict the relationship between variables. c. When expressed as a...
-
2. Draw the graph with the following adjacency matrix: (please write it in copy paste format) 1 10 100 1 1 0 0 001 0 1 1 0
-
10. (20pts) Describe in English, the language defined by the following grammar: a | a b | b c | C
-
Determine the total revenue for Riverbed Enterprises for the fiscal year:Prepare an income statement for Riverbed Enterprises for the year ended April 3 0 , 2 0 2 7 . ( Enter negative amounts using...
Study smarter with the SolutionInn App