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Granting a pharmaceutical company a patent for a new medicine will lead to (i) a product that is priced higher than it would be without the exclusive rights. (ii) incentives for pharmaceutical companies to invest in research and development. (iii) higher quantities of output than without the patent. a. (i) and (ii) only b. (ii) and (iii) only c. (i) and (iii) only d. (i), (ii), and (iii)

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Answer:

Answer is A, i and ii.

Explanation:

It must be noted that when a pharmaceutical company is granted a patent over a particular drug, it means that, it is only the company that is allowed to manufacture, market and make profit from it.

Patent was created two purposes, these are

* to stimulates interest in research and find solutions to problems that affect the world.

* to promote the broader good of a country.

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