Question: a. Explain how the market for an antidepressant drug changes when a patent expires. b. Draw a graph to illustrate how the expiration of the

a. Explain how the market for an antidepressant drug changes when a patent expires.
b. Draw a graph to illustrate how the expiration of the Zoloft patent will change the price and quantity in the market for antidepressants.
c. Explain how consumer surplus, producer surplus, and deadweight loss change with the expiration of the Zoloft patent.

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a When the patent expires other firms can enter the market and produce the drug The market becomes c... View full answer

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