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Which best describes how the government sanctions technological monopolies?
by creating the technology itself
by prohibiting others from entering the market
by issuing a patent for the technology
by authorizing one producer
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by issuing a patent for the technology
A patent gives the inventor exclusive legal rights to make, use, and sell the invention for a limited time, effectively creating a temporary technological monopoly.
A patent gives the inventor exclusive legal rights to make, use, and sell the invention for a limited time, effectively creating a temporary technological monopoly.
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