Describe the long-run effects of patent expiration

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Q. Describe the long-run effects of patent expiration on prices, output and profit in a monopolistic industry

Q. research the long-run effects of patent expiration on prices, output and profit in a monopolistic industry. In addition, research the long-run effects of entry into monopolistically competitive industries on prices, output, and profits. Explanation must be substantive.

Reference no: EM1346003

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