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T or F If the duration of patent protection were reduced from 20 to 19 years, drug developers would increase their prices on patent-protected drugs

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  1. If the duration of patent protection were reduced from 20 to 19 years, drug developers would increase their prices on patent-protected drugs since the developers would need to recoup their R&D costs more quickly.
  2. If the duration of patent protection were reduced from 20 to 19 years, we would expect the prices on patent-protected drugs to be higher in the future.

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