Multiple Choice
Due to the nature of the patent laws on pharmaceuticals,what happens to the market for such drugs
A) It remains a competitive market indefinitely.
B) It remains a monopolistic market indefinitely.
C) It switches from competitive to monopolistic once the firm's patent runs out.
D) It switches from monopolistic to competitive once the firm's patent runs out.
Correct Answer:
Verified
Correct Answer:
Verified
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