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? natural monopoly de facto monopoly government monopoly technological monopoly

wellness pharmaceuticals has released a new antidepressant, lexabuzac. which type of monopoly does the company most likely have on this medication? natural monopoly de facto monopoly government monopoly technological monopoly

Answer

Brief Explanations:

A pharmaceutical company often has a technological monopoly on a new drug due to patents and exclusive production - related technology. A natural monopoly is related to cost - efficiency in a single - firm production for an entire market (e.g., utilities). A de facto monopoly occurs when a firm dominates through market power without legal or natural barriers. A government monopoly is created and regulated by the government. Since the new antidepressant is likely protected by patents and unique production technology, it's a technological monopoly.

Answer:

technological monopoly