Patents are a form of .

natural market power

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price market power

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social market power

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legal market power

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Solution

The correct option is D legal market power
Patents and copyrights are a form of legal market power as they are enforced by law and order.

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Similar questions

When market power is obtained through barriers to entry created by a firm itself, the market power is called ___ market power.

When market power is obtained through barriers to entry created by the government or a regulatory body, the market power is called ___ market power.

Which of the following is a form of legal market power?

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