Multiple Choice
Suppose a drug patent runs out, the market consequences of this are?
(i) the price will increase
(ii) the price will converge on the marginal cost
(iii) the quantity sold will increase
A) (i) and (ii)
B) (ii) and (iii)
C) (i) and (iii)
D) (i) , (ii) and (iii)
Correct Answer:

Verified
Correct Answer:
Verified
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