Question
Assume a new drug has just been discovered that will cure a rare human disease. Which of the following is likely to occur? a. The
Assume a new drug has just been discovered that will cure a rare human disease. Which of the following is likely to occur?
a. The company that discovered the drug will apply for a patent for the drug, and that grants it the monopoly rights to the drug for many years to come
b. The company that discovered the drug will have a monopoly over the drug because of economies of scale
c. The company that discovered the drug will keep the breakthrough as a trade secret
d. Other firms will quickly copy the drug formula making amonopoly for the discovering company impossible
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