Because colgate owns patent number 5,547,091, only colgate sells toothpaste with a flip-top cap, while others use the more traditional screw top. a patent probably wasn't a necessary incentive for colgate to develop the flip-top cap, so why did it patent the cap?

Answer and Explanation:

Market power alludes to the capacity of a firm (or gathering of firms) to raise and keep up cost over the level that would win under challenge is alluded to as market or imposing business model power. The activity of market power prompts diminished yield and loss of financial welfare.  Patents are essential to the individuals who hold them for two fundamental reasons. To start with, licenses enable firms to profit by their own innovative work.  In the event that a firm holds a patent on a given item or thing, different firms are kept from entering the market for selling or utilizing that gadget.