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Firm X uses a secret formula to produce a unique drug (Drug X). No other therapies or pharmaceutical products available are capable of treating the

Firm X uses a secret formula to produce a unique drug (Drug X). No other therapies or pharmaceutical products available are capable of treating the diseases that Drug X treats. Given this information, what type of firm is Firm X likely to be classified as? Question 6 options: Perfectly competitive firm. Monopoly firm. Monopolistically competitive firm

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