A Patent That Confers the Monopoly Right to Produce an Essential

question 6

Multiple Choice

A patent that confers the monopoly right to produce an essential prescription drug tends to increase the incentive the develop new and better prescription drugs while

• A)imposing no cost upon society as a whole.
• B)lowering the cost of prescription drugs to the public.
• C)eliminating the monopolist's costs of defending its rights to the patent.
• D)creating a "deadweight loss" of monopoly-induced inefficiency.

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