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After years of research and development, and testing, Drug Company M has eventually obtained the government's approval to administer the vaccination and become the only
After years of research and development, and testing, Drug Company M has eventually obtained the government's approval to administer the vaccination and become the only supplier of Drug M to the country. Ten years later, Drug M's patent expired. The government allowed the importing of other generic vaccination to be sold in the market.What is likely to happen to the domestic vaccination market in the country in terms of priceand industry output (quantity).
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