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A pharmaceutical company is issued a patent on a powerful new arthritis medication. What impact might that patent have on its profitability in the pharmaceutical industry?
Question: A pharmaceutical company is issued a patent on a powerful new arthritis medication. What impact might that patent have on its profitability in the pharmaceutical industry?
- A patent likely will have little impact on the firm’s profitability.
- A patent makes it more likely the firm will earn a profit.
- A patent makes it less likely the firm will earn a profit.
Answers: A patent makes it more likely the firm will earn a profit.
Conclusion of A pharmaceutical company is issued a patent on a powerful new arthritis medication. What impact might that patent have on its profitability in the pharmaceutical industry?
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