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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