Doing such to a pharmaceutical company would lead to option b: (i) and (ii) only:
- A product that is priced higher than it would be without the exclusive rights.
- Incentives for pharmaceutical companies to invest in research and development.
When a pharmaceutical company gets a patent, they will become a monopoly for the medicine in question. This will allow them to charge a higher price for the drug seeing as they have no competition.
It will also act as an incentive to other companies to develop more drugs because they will get a chance to benefit alone from the drug.
In conclusion, such a patent would lead to a higher price and act as an incentive.
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