Suppose a new vaccine for Lyme disease is developed by Merck, a large drug company. Which of the following is most likely to occur?
A) Merck will apply for a patent on the vaccine that grants it the monopoly rights to the vaccine for many years.
B) Merck will have a monopoly on this vaccine because of economies of scale.
C) Other firms will quickly copy the formula making the market for the vaccine competitive.
D) Merck will not tell anyone about its discovery though it will sell the vaccine.
A
Economics
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The acquisition of more than 10 percent of the shares of ownership in a company in another nation is called
A) portfolio investment. B) gross private international investment. C) foreign direct investment. D) majority investment.
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