Monopoly Outcome Monopoly Profits PRICE (Dollars per dose) MC = ATC MR Demand 10 12 20 QUANTITY (Millions of doses per year) Suppose that should the patent on this particular drug expire, the market would become perfectly competitive, with new firms immediately entering the market with essentially identical products. Further suppose that in this case the original firm will hire lobbyists and make donations to several key politicians to extend its patent for one more year, The firm is prepared to spend up to $ million to extend its patent