Why may the effective patent life of a drug be shorter than, Ask an Expert

Economics

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.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9222163

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