an Entity in Data Space: 134.155.108.49:8890
Intellectual property law recognizes that for certain goods, market forces will not necessarily produce the most desirable outcomes from the perspective of society as a whole. These goods will tend to be produced in insufficient quantity or variety because producers are unable to fully realize the gains from investments in creating them. In granting a limited monopoly via copyright or patent, government attempts to compensate for distortions arising from this market imperfection.
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