Explain why may the effective patent life of a drug

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Q. a. What is the economic rationale behind a patent?
b. Why may the effective patent life of a drug be shorter than the legal life?
c. Explain why may the effective patent life of a drug be longer than the legal life?

Q. Explain:
(a) In what way the U.S trucking industry exemplified the capture theory hypothesis of government regulation prior to the passage of the Motor Carrier Act of 1980 and (b) the result of the passage of the Motor Carrier Act in 1980.

Reference no: EM1346799

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