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11. Pfizer operates as a monopoly in the market for one of its patented drugs. What is likely to happen when the patent expires? None
11. Pfizer operates as a monopoly in the market for one of its patented drugs. What is likely to happen when the patent expires? None of these answers are correct, price will decrease, Pfizer's economic profit on the drug will decrease, quantity will increase, all of these answers are correct
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Economics of Money Banking and Financial Markets
Authors: Frederic S. Mishkin
12th edition
134733821, 134733827, 9780134734507 , 978-0134733821
