the filing of the first patent. a) Which of these companies (if any) will proceed with their projects? b) How could patent laws be changed for the better? Who would win and who would lose if patent laws were changed as you suggest? c) In the absence of patent protection suppose it would take generic drug manufacturers 16 years after the first filing of patents to have the capability for producing these drugs at the same variable costs as the patent holders. Are the current patent laws effective? Explain