Final answer:
America may resist certain monopolies to encourage competition and innovation, preferring temporary or regulated monopolies like utilities and patents to balance necessary services and economic growth.
Step-by-step explanation:
America might not want a monopoly on a certain item to promote competition and innovation. For instance, while legal monopolies exist, such as utilities or through exclusive rights granted by patents, these are usually regulated or temporary. Legal monopolies like the U.S. Postal Service and utility companies exist due to economies of scale and to ensure the provision of essential services. However, monopolies created without government sanction, where firms divide markets and set prices collaboratively, are illegal as they stifle competition and can lead to higher prices and reduced quality for consumers.
In the realm of innovation, exclusive rights like patents are granted to encourage R&D by allowing firms to recoup their investments. After the patent expires, the market opens up, which can reduce prices and broaden access to the product. Hence, the U.S. tries to balance the need for monopolies in certain sectors with the overall economic benefits of competition.