Question: Select a firm that you have interacted with. Based on what you know about that firm's market, is it closer to Perfect Competition or Monopoly?

Select a firm that you have interacted with. Based on what you know about that firm's market, is it closer to Perfect Competition or Monopoly? Explain.

Why are generic pharmaceuticals significantly cheaper than name-brand ones?

Intellectual property laws are intended to promote innovation. However, some economists argue against them. Make an economic case for, or against, a government granting intellectual property rights to innovative new ideas or products.

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