Ask Question
BusinessBusiness
20 May, 02:54

Once the patent for a drug in the pharmaceutical industry expires, the market for the generic equivalents a. Has no effect on the profits earned by the original producer b. Is usually considered competitive c. Would not exist d. Is a monopolistic market

+3
Answers (1)
  1. 20 May, 04:25
    0
    The correct answer is letter "C": Is usually considered competitive.

    Explanation:

    Patents are grants of property given to creators on their inventions. Most patents are valid for 20 years counted from the filing date with the United States Patent and Trademark Office (USPTO). After the patent expires, other individuals can make use and exploit the creation. In such circumstances, the invention becomes competitive since it can be replicated by other entities, which was forbidden while the patent was valid.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Once the patent for a drug in the pharmaceutical industry expires, the market for the generic equivalents a. Has no effect on the profits ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Imagine you are a consultant who has been asked to summarize the strengths and weaknesses of Agoria, a nation with a pure market economy. Which of the following would you include in your report as weaknesses of Agoria's economy? Check all that apply.
Answers (1)
Which of the following is true? A. checks and debit card board withdraw money directly from a bank account B. Checks are the most wisely excepted form of payment C. Debit cards often have a higher interest rate than credit cards D.
Answers (1)
Burnett Corp. pays a constant $9.05 dividend on its stock. The company will maintain this dividend for the next 9 years and will then cease paying dividends forever.
Answers (2)
The basis for classifying assets as current or noncurrent is the period of time normally required by the accounting entity to convert cash invested in Select one: a. inventory back into cash, or 12 months, whichever is shorter. b.
Answers (1)
The following are budgeted dа ta: January February March Sales in units 15,000 20,000 18,000 Production in units 18,000 19,000 16,000 One pound of material is required for each finished unit.
Answers (1)
New Questions in Business
Stock dividends Select one: a. Have the same effects on financial statements as cash dividends. b. Are similar to stock splits in that they do not change the fundamental position of current shareholders. c. Must be accompanied by cash dividends. d.
Answers (1)
What is the current u. s. population? what is the current world population? considering those numbers, do you think the united states is in a population crisis? do we have enough land and resources to support a continuous increase in population?
Answers (1)
Distinguish between individual and market demand for a commodity
Answers (1)
What type of driver's license is class A
Answers (2)
Amalgamation can be expressed as A+B+C=A True Or False ?
Answers (2)
Home » Business » Once the patent for a drug in the pharmaceutical industry expires, the market for the generic equivalents a. Has no effect on the profits earned by the original producer b. Is usually considered competitive c. Would not exist d.
Sign Up Forgot Password?