Question: Avoidable monopolies are objectionable because they lead to higher prices and/or lower supply than would be the case in a free market. Patents confer avoidable

Avoidable monopolies are objectionable because they lead to higher prices and/or lower supply than would be the case in a free market. Patents confer avoidable monopolies. Therefore, patents are objectionable. How would you defend the patent system against this argument?

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