Multiple Choice
The problem of superbugs,which are bacteria that resist all available forms of antibiotics,is becoming a serious challenge for doctors.Developing new antibiotics is very costly.Can a monopoly be good for the society in this regard?
A) Yes, because innovation is more likely in a monopoly.
B) No, because the price of the antibiotic will increase in a monopoly.
C) No, because the firms in a competitive market invest more in research and development to remain competitive.
D) Yes, because there will be smaller deadweight loss in the market.
Correct Answer:

Verified
Correct Answer:
Verified
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