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Four Market Model Summary: Monopoly
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Problem 10
Four Market Model Summary: Monopoly
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12. Monopoly / Four Market Model Summary: Monopoly / Problem 2
Problem 2
A pharmaceutical company has developed a new drug and obtained a patent. How does this patent affect the company's market power?
A
It only affects the company's market power if the drug is sold internationally.
B
It increases the company's market power by preventing competitors from producing the drug.
C
It decreases the company's market power by allowing competitors to produce the drug.
D
It has no effect on the company's market power.
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