Once I'MaPharmaCo. has received confirmation of the registration for its latest drug patent application, it will have created a monopoly for that product by restricting
A) demand for the product.
B) entry into the market.
C) amount of product advertising.
D) the number of product compliments.

Question

Quizplus · Accepted Answer

Patent registration grants I'MaPharmaCo. exclusive rights to produce and sell the drug, effectively restricting other companies' entry into the market for that product. This creates a monopoly by preventing competition.