Multiple Choice
What happens to the price and quantity sold of a drug when its patent runs out? (i)
The price will fall.
(ii)
The quantity sold will fall.
(iii)
The marginal cost of producing the drug will rise.
A) (i) only
B) (i) and (ii) only
C) (ii) and (iii) only
D) (i) , (ii) , and (iii)
Correct Answer:
Verified
Correct Answer:
Verified
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