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When a pharmaceutical company discovers a new drug, patent law gives it market power by guaranteeing:
A) partial ownership of the right to sell the drug for an unlimited number of years
B) partial ownership of the right to sell the drug for a limited number of years
C) sole ownership of the right to sell the drug for a limited number of years
D) sole ownership of the right to sell the drug for an unlimited number of yearsC) sole ownership of the right to sell the drug for a limited number of years

Sagot :

C) exclusive ownership of the drug's right to sell it for a limited time.

What guarantees the monopoly when a pharmaceutical company discovers a new drug?

A company without market power is a monopoly. Patent law grants a pharmaceutical company a monopoly when they discover a new drug: the right to sell the drug in part for an unlimited number of years.

What is monopoly power's fundamental source?

Barriers to entry are the primary factor that lead to monopoly. There are three sources of entry barriers: Responsibility for secret weapon.

Is a patent monopoly-granting?

Invention is rewarded by patents, not commercialization. In a similar vein, a patent does not constitute an economic monopoly. First, because having a patent does not result in the "single supplier" situation that is typical of most monopolies in real life.

To learn more about monopoly here

https://brainly.com/question/29765560

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