Step 1: Suppose, for contradiction, that the inverse \( A^{-1} = \begin{bmatrix} a & b \\ c & d \end{bmatrix} \) does exist for \( A = \begin{bmatrix} 1 & 2 \\ 2 & 4 \end{bmatrix} \), so that \( A \cdot A^{-1} = I \).
Step 2: Multiplying out the first column of this product gives two equations from the two rows of \( A \): \( a + 2c = 1 \) (from row 1) and \( 2a + 4c = 0 \) (from row 2).
Step 3: But the second equation simplifies to \( a + 2c = 0 \) after dividing by 2, directly contradicting the first equation, which requires \( a + 2c = 1 \). Since \( a + 2c \) cannot equal both \( 0 \) and \( 1 \) at once, no such \( a, b, c, d \) can exist.
This contradiction confirms that no inverse can exist for this matrix: \[ \boxed{\text{Inverse does not exist}} \]