Corea Inc, a Pharmaceutical Company, Is Involved in the Research, Development

Corea Inc., a pharmaceutical company, is involved in the research, development, manufacture, and marketing of prescription medicines. A new drug developed by them has been awarded patent rights in Canada. The patent grants them exclusive rights to manufacture and market the drug for three years. Based on this information, which statements best describes Corea Inc.'s situation?

A) Corea Inc. will operate in a market with monopolistic competition.
B) Corea Inc. will operate in an oligopolistic market.
C) Corea Inc. will operate in a perfectly competitive market.
D) Corea Inc. will have a temporary monopoly in the market for this drug.