In a slow-cycle market, such as that experienced in the pharmaceutical industry, a firm is most vulnerable to a counterattack when a drug's patent expires.

Name: In a slow-cycle market, such as that experienced in the pharmaceutical industry, a firm is most vulnerable to a counterattack when a drug's patent expires.
Brand: Quizplus
Rating: 4.9 (31 reviews)

Question

Quizplus · Accepted Answer

When a drug's patent expires, competitors can produce generic versions, leading to increased competition and potential loss of market share for the original firm.

In a Slow-Cycle Market, Such as That Experienced in the Pharmaceutical