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12. Pfizer operates as a monopoly in the market for a drug it has a patent on. What is likely to happen when the patent

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12. Pfizer operates as a monopoly in the market for a drug it has a patent on. What is likely to happen when the patent expires? [ Select ] [ Select ] None of these answers are correct. Quantity will increase. All of these answers are correct. Price will decrease. Prizer's economic profit on the drug will decrease

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