Once I’MaPharmaCo. has received confirmation of the registration for its latest drug patent application, it will have created a monopoly for that product by restricting
A. demand for the product.
B. entry into the market.
C. amount of product advertising.
D. the number of product compliments.
Answer:B
Once I’MaPharmaCo. has received confirmation of the registration for its latest drug patent application, it will have created a monopoly for that product by restricting
A. demand for the product. B. entry into the market. C. amount of product advertising. D. the number of product compliments.
Explanation: 37. When the demand for a good or service limits the quantity that can be sold to an output at which the firm experiences economies of scale,