Suppose a Capital goods manufacturer brings out a new, more efficient machine. a. If the manufacturer hold a patent on this machine, who is likely to benefit the most from it. Explain? b. Who will...

Solution-a
Patent is very technical work in financial market that means the owner who is having patent is having the monopoly over the product. So, in this case also manufacturer have the patent over the machine and the manufactures always command over the market also has the monopoly. If the manufacturer has full hold over the equipment then they are the one who can earn maximum benefits out of that machine or equipment. Because the manufacturer has the monopoly or there is no competition in the market therefore manufacturer able...