A new cure for Toenail fungus is discovered for individuals resistant to the original treatment.At this point the firm producing this drug
A)Could be considered a monopoly
B)Would be protected from entry by patents
C)Would be facing many new entries in the market
D)Only A&B

Question

​A new cure for Toenail fungus is discovered for individuals resistant to the original treatment.At this point the firm producing this drug
A)​Could be considered a monopoly
B)Would be protected from entry by patents
C)Would be facing many new entries in the market
D)​Only A&B

Quizplus · Accepted Answer

The firm producing the new cure for toenail fungus could be considered a monopoly, as they are the only ones producing the specific treatment. Additionally, they would be protected from entry by patents, as it is a new and original treatment. Therefore, the correct choice is D, only A & B. They would not be facing many new entries in the market as they currently have a unique product, and would be protected by patents for a limited period.

​A New Cure for Toenail Fungus Is Discovered for Individuals

A New Cure for Toenail Fungus Is Discovered for Individuals