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This week's writing prompt focuses on your ability to understand a key aspect of the argument presented by the instructor. What is the relationship between intellectual property rights (IPRs) monopolies and interfirm inequality? Are IPR monopolies a good development for the US economy?
In your paper, be sure to discuss what intellectual property rights are, and the connection between IPR monopolies, government spending, and investments. How does the intangibility of IPRs impact government spending and investments? In your opinion, does this relationship have a positive impact for the US economy?
Regarding your discussion of the relationship between IPRs and interfirm inequality, you may want to consider:
* How IPRs create monopoly positions in the marketplace, and the relationship between monopolies, profitability, and interfirm inequality* The relationship between IPRs and new companies entering the marketplace* The relationship between IPRs and legal actionRegarding your evaluation of IPRs and the US economy, you will want to consider: What is the relationship between IPR rich companies and the amount of cash holdings such firms have overseas? Are IPR-rich companies sitting on a lot of cash overseas or are they spending it? The answer to this question should help inform your discussion of whether IPRs are good for the American economy or not. Schwartz discussed the direct relationship between the amount of cash firms have overseas and the level of investments and government spending that occurs. All of these things impact the GDP of a country. The question is, is this impact a good or bad thing for the US economy? Why or why not?
This week's writing prompt focuses on your ability to understand a key aspect of the argument presented by the instructor.