Answered: In the US, drug companies receive a…

In the US, drug companies receive a patent of 100 years for each drug they develop. This allows them a prolonged legal monopoly on the sale of that drug. True False

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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In the US, drug companies receive a patent of 100 years for each drug they develop.
This allows them a prolonged legal monopoly on the sale of that drug.
True
False

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