Drug Companies and Patents: The Games they Play

After reading these articles:

• Explain how a patent creates a kind of monopoly and what benefits a patent conveys to the owner.
• Explain what happens in a market when patent protection for a technology runs out.
• Explain the effects of pay-for-delay actions on producers and consumers.
• Discuss whether pay-for-delay tactics should no longer be allowed, or should continue.Be sure to support your conclusion using economic arguments.