Granting a pharmaceutical company a patenTable 15-9 Consider the following demand and cost information for a monopoly. Quantity Price Total Cost 0 $32 $6 1 $28 $20 2 $24 $34 3 $20 $48 4 $16 $62 5 $12 $76 Refer to Table 15-9. What is the marginal revenue of the 3rd unit? a. $28 b. $12 c. $20 d. $4t for a new medicine will lead to (i) a product that is priced higher than it would be without the exclusive rights. (ii) incentives for pharmaceutical companies to invest in research and development. (iii) higher quantities of output than without the patent. a. (i), (ii), and (iii) b. (ii) and (iii) only c. (i) and (ii) only d. (i) and (iii) only