(Answered) Discussionpatents are one way that government allows a

Economics

Discussion

Patents are one way that government allows a monopoly to form. The down side of this is for the life of the patent (normally 20 years) consumers pay a higher price for this good. A big question was posed at the end of your chapter this week about a patent for AIDS medication. This drug saved lives, but the price that the monopolist changed was too high for many patients, especially in Africa, to afford the lifesaving drug.

Explain how you think the US should handle a situation like the AIDS medication?

Your post should be at least 300 words.

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