47.  Doctors often complain that the patents of pharmaceutical companies make newer medicines hard to obtain and overpriced for their patients. This describes how the patents cause the new medicines to be artificially scarce common pool goods non-excludable perfectly competitive rival goods

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ISBN:9781947172364
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Publisher:Steven A. Greenlaw; David Shapiro
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47. 
Doctors often complain that the patents of pharmaceutical companies make newer medicines hard to obtain and overpriced for their patients. This describes how the patents cause the new medicines to be
artificially scarce
common pool goods
non-excludable
perfectly competitive
rival goods
48. 
What is the most likely goal of a government that enacts a lump-sum subsidy?
To increase market competition
To decrease market competition
To correct for a negative externality
To discourage production
To encourage production
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