What do you understand by intellectual property induced dominance? Explain with an example of abuse of such dominance.

Intellectual property induced dominance refers to a situation where a company or entity utilizes its intellectual property rights to establish and maintain dominance in a particular market or industry. This dominance is often achieved by leveraging the exclusivity granted by intellectual property laws to stifle competition, restrict market access, and maintain a strong position within the market. While intellectual property rights are intended to incentivize innovation and creativity by granting creators exclusive rights to their inventions or creations, the abuse of these rights to create and exploit dominance can have adverse effects on competition and consumer welfare.

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