As economists, we espouse the benefits of free and open markets. Yet legal barriers to entry — such as regulated utility monopolies and patent protection — both still exist and garner support. Discuss the pros and cons of such barriers.

Non-Text Book Readings:

• The Economist. “Perpetual Motion.” The Economist, September 2, 2004.
• The Economist. “The Electric-fuel-trade Acid Test.” The Economist, September 2, 2009

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