Many biologic drug manufacturers are pushing for patent protection to be extended by an additional 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
Correct Answer:
Verified
Q26: A patent or copyright is a barrier
Q31: Governments grant patents to
A)compensate firms for research
Q35: Governments grant patents to encourage
A)research and development
Q36: For which of the following firms is
Q53: Research has shown that most economic profits
Q54: Experience with patents in the pharmaceutical industry
Q206: Explain how the decision by parents to
Q229: A trademark is
A)a legal instrument which grants
Q239: Which of the following can a firm
Q266: One reason patent protection is vitally important
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