If patents reduce​ competition, why does the federal government grant​ them? The federal government grants patents A. to increase the number of close substitutes available. B. to prevent network externalities. C. to create natural monopolies. D. to encourage firms to collude. E. to encourage firms to spend money on research to create new products.

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Q: Which government agency listed below is in charge of policing monopolies in America?

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Q: If patents reduce competition, why does the federal government grant them? The federal government…

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Q: How can we avoid monopolies being created in the Indian economy? Explain with a couple of examples.

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Q: process of regulation.

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A: The correct answer is given in the second step.

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