wellness pharmaceuticals has released a new antidepressant, lexabuzac. which type of monopoly does the…

wellness pharmaceuticals has released a new antidepressant, lexabuzac. which type of monopoly does the company most likely have on this medication?\nnatural monopoly\nde facto monopoly\ngovernment monopoly\ntechnological monopoly

wellness pharmaceuticals has released a new antidepressant, lexabuzac. which type of monopoly does the company most likely have on this medication?\nnatural monopoly\nde facto monopoly\ngovernment monopoly\ntechnological monopoly

Answer

Brief Explanations:

A pharmaceutical company that releases a new drug often has a technological monopoly. This is because they likely have a patent on the unique formulation or production - process of the antidepressant, giving them exclusive rights to produce and sell it for a certain period. A natural monopoly is based on cost - advantages due to economies of scale in a particular industry. A de facto monopoly occurs due to market dominance without legal protection. A government monopoly is created and controlled by the government.

Answer:

technological monopoly