Which of the following is not a reason that monopolies arise?
1486 Which of the following statements is TRUE?
When a pharmaceutical company discovers a new drug, patent law gives it market power by guaranteeing:
1488 GlaxoSmithKline owns a government grant of temporary monopoly rights on Combivir, the AIDS drugs, due to: patents. (True Answer )Correct laws preventing entry of competitors. Incorrect economies of scale. Incorrect innovation. Incorrect 1489
Which of the following statements about monopoly power is correct?