Comments the statement \"Gasoline tax is a tax on seller, it only hurts the gasoline seller, not the gasoline buyer because the seller needs pay the full tax amount to the government\" (12 marks) In many developed countries, when a pharmaceutical firm develops a new drug, the patent laws give the rm a monopoly on the sale of the drug for a period of time (e.g. 10 to 15 years). Though a monopoly is generally inefficient, why does the government grant the film a patent on its new drug? (9 marks) 'Since a monopoly is the sole supplier in its market, it can always make a prot.' Do you agree or disagree with this statement? Why? (12 marks)