Many biologic drug manufacturers are pushing for patent protection to be extended to 12 years before generics are allowed to be introduced to the market.This reflects which of the following barriers to entry?
A)control of a key resource
B)network externalities
C)entry blocked by government action
D)economies of scale creating a natural monopoly

Question

Quizplus · Accepted Answer

The barrier to entry in this case is government action, specifically the extension of patent protection to 12 years. This prevents generic drug manufacturers from introducing their products to the market for a longer period of time, limiting competition and allowing the biologic drug manufacturers to maintain their market dominance.

Many Biologic Drug Manufacturers Are Pushing for Patent Protection to Be