Which of the following is most likely to be a monopoly market in the United States?

Question

Quizplus · Accepted Answer

Patented pharmaceuticals are most likely to be a monopoly market in the United States because the patent protection allows the company that owns the patent to be the sole producer and seller of the product, with no competitors able to enter the market until the patent expires. This gives the company a monopoly on the product during the patent period.

Which of the Following Is Most Likely to Be a Monopoly