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Question 5 (Monopoly): a. Why does the government give patents to pharmaceutical firms that develop new drugs? How do the economic theories predict the price of new drugs as the patent period ends? b. Assume that a monopolist decides to maximize revenue rather than profit. How does this operating obiective change the size of the deadweight loss? If you are a \"benevolent" manager of a monopoly firm and are interested in reducing the deadweight loss of monopoly, should you maximize profits or maximize revenue? Carefully explain your answer. (Hint: make sure to consider marginal revenue.)