1) If the Bill and Melinda Gates Foundation were to buy out and destroy the patent for Combivir, which of the following would NOT be one of the effects?
A. The number of people treated with Combivir would rise.
B. Drug companies would have no incentive to create new and better drugs.
C. No one would have a monopoly on Combivir.
2) Which of the following statements is TRUE?
A. Monopolists typically prefer not to segment markets.
B. To maximize profits, monopolists will always set a higher price in markets with more inelastic demand curves.
C. Even if demand curves are identical, it is still typically profit maximizing for monopolists to charge different prices in different markets.