Until recently, the drug maker Pfizer enjoyed a monopoly of the cholesterol-control drug Lipitor because of patent rights.
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Q1: The two basic reasons why a monopoly
Q2: Control of a scarce resource or input
Q3: A pure monopoly is defined as having
Q4: Monopolies are always large firms with great
Q5: When a patent expires, the firm holding
Q7: Technical superiority can be a source of
Q8: The ability to keep rivals out of
Q9: The U.S.Postal Service enjoys a monopoly position
Q10: Only government restrictions serve as entry barriers.
Q11: There exist only two causes of monopoly:
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