Question

Wellness Pharmaceuticals has released a new antidepressant, Lexabuzac. Which type of monopoly does the company most likely have on this medication?

natural monopoly
de facto monopoly
government monopoly
technological monopoly

Answer 1

Wellness Pharmaceuticals, having released a new antidepressant, Lexabuzac, would most likely have a **technological monopoly**. This type of monopoly occurs when a company has exclusive ownership or control over a particular technology, formulation, or method, often due to patents or proprietary research and development. Since Lexabuzac is a new medication, it is likely protected by patents that prevent other companies from producing or selling the same drug, giving Wellness Pharmaceuticals a monopolistic position in the market for that specific medication.