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Assume that the ABC Pharmaceutical Drug Company just got a 20-year patent issued by the U.S. government because they developed a miracle drug that can

Assume that the ABC Pharmaceutical Drug Company just got a 20-year patentissued by the U.S. government because they developed a "miracle drug" that can cure any form of cancer in just 4 hours! Wow!

Conclusion: This patent that is owned by the ABC Pharmaceutical Company immediately creates a barrier to entry against any other drug firmthat would like to use the exact same miracle drug formula.

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