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Transdermal nicotine replacement (the patch) is an effective choice in tobacco cessation because:
New Technology
The development and application of innovative tools, machines, techniques, and methods that improve the efficiency and productivity of operations.
Natural Monopolies
Industries where a single firm can supply a good or service to an entire market at a lower cost than two or more firms could, often due to economies of scale.
High Set-up Costs
Initial investments or expenses that are necessary to start a business or manufacturing process, which can act as a barrier to entry for new firms.
Industry
A sector of the economy that produces a specific type of goods or services, characterized by shared production processes or products.
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