Questions: Pharmaceutical companies receive patents as an exclusive right to produce a drug. This results in: a. orphan drug status. b. normal profits on the patented drug. c. lower prices for patients requiring the drug. d. monopoly rights in the production of the drug. e. fewer new chemical compounds discovered.

Pharmaceutical companies receive patents as an exclusive right to produce a drug. This results in: a. orphan drug status. b. normal profits on the patented drug. c. lower prices for patients requiring the drug. d. monopoly rights in the production of the drug. e. fewer new chemical compounds discovered.
Transcript text: Pharmaceutical companies receive patents as an exclusive right to produce a drug. This results in: a. orphan drug status. b. normal profits on the patented drug. c. lower prices for patients requiring the drug. d. monopoly rights in the production of the drug. e. fewer new chemical compounds discovered.
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Solution

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The answer is the fourth one (d): monopoly rights in the production of the drug.

Explanation for each option: a. Orphan drug status: This is incorrect. Orphan drug status is a special designation given to drugs that treat rare diseases, not a result of receiving a patent. b. Normal profits on the patented drug: This is incorrect. Patents typically allow pharmaceutical companies to earn higher than normal profits due to the lack of competition. c. Lower prices for patients requiring the drug: This is incorrect. Patents often lead to higher prices because the company has exclusive rights and no competition. d. Monopoly rights in the production of the drug: This is correct. A patent grants the pharmaceutical company exclusive rights to produce and sell the drug, effectively giving them a monopoly. e. Fewer new chemical compounds discovered: This is incorrect. Patents incentivize the discovery of new chemical compounds by providing exclusive rights and potential profits.

Summary: Pharmaceutical companies receive patents as an exclusive right to produce a drug, which results in monopoly rights in the production of the drug.

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