Business
Business, 15.12.2020 15:20, payshencec21

After the patent runs out on a brand name drug, generic drugs enter the market. What happens next in the market? a. Price decreases, and total surplus decreases. b. Price increases, and total surplus increases. c. Price increases, and total surplus decreases. d. Price decreases, and total surplus increases.

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After the patent runs out on a brand name drug, generic drugs enter the market. What happens next in...

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