Homework Answers
Answer. (c) monopoly status in the production of the drug
Explanation: Monopoly is a situation where there is only one seller for a particular good or service. Also, there should not be any close substitutes to that good or service. Therefore in this question, as a firm gets a 20-year exclusive right to produce the drug, thus no one else can produce and sell it. Thus the seller becomes a monopoly. Also, since it is a new drug and there is a patent to its chemical-formation, thus there are no close substitutes to the medicine as well. Thus for the next 20 years, the firm acts as a monopoly.
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Question 27 1 pts 27. Pharmaceutical companies receive 20-year patents as an exclusive right to produce...
14. Pharmaceutical companies often get patents granting them the exclusive right to produce and market drug...
14. Pharmaceutical companies often get patents granting them the exclusive right to produce and market drug formulations they have developed. These patents are: a. the result of non-compete agreements signed by pharmaceutical firms. b. in violation of ethical principles on which business is based. c. probably of little use because what one firm can patent, another can duplicate. d. rewards for the millions that firms have invested in the research and development process. 15. Last summer, the Thomas family had...
Please help with these questions Question 26 0.4 pts When one producer has a comparative advantage...
Please help with these questions
Question 26 0.4 pts When one producer has a comparative advantage in production, he or she O is unable to reach his or her production possibilities frontier (PPF) O does not benefit from trade with other producers. trades only with others who have the same comparative advantage. can produce a good at a lower opportunity cost than someone else. O can produce more output than someone else using the same quantity of resources, Question 27...
Hello I need question 3 with 3/4 of a page. There are two documents as you...
Hello I need question 3 with 3/4 of a page. There are two
documents as you will see.
unheuser has strugsled with slow growth of t Market Senacthure Monopoly and Monopoistic Competition 221 ket beers in recent years. U.S. sales laws in its efforts to prevent an Israeli company from successfully selling a generie version of its cholesterol medicine, TriCor. Drug companies usually have three to 10 years of exclusive patent rights remaining when their products hit the market. However,...
Please, can you provide a one-page answer to question number 3! This component is essential! unheuser...
Please, can you provide a one-page answer to question number 3!
This component is essential!
unheuser has strugsled with slow growth of t Market Senacthure Monopoly and Monopoistic Competition 221 ket beers in recent years. U.S. sales laws in its efforts to prevent an Israeli company from successfully selling a generie version of its cholesterol medicine, TriCor. Drug companies usually have three to 10 years of exclusive patent rights remaining when their products hit the market. However, they can often...
1. Alaa works for a pharmaceutical company that has developed a new drug. The patent on...
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THERE ARE 20 total QUESTIONS PLEASE ANSWER ALL OF THEM QUESTION 1 One way to reduce the recessio...
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macoroeconomics 1. Society as a whole faces opportunity costs because a. there is not enough money to go around...
macoroeconomics
1. Society as a whole faces opportunity costs because a. there is not enough money to go around b. politicians are greedy c. resources are scarce d. our needs are unlimited 2. Mary decides to spend 3 hours working overtime rather than watching a video with her friends. She earns $9 an hour. Her opportunity cost of working is: a. the enjoyment she would have received had she watched the video with friends. b. $27 she earns working c....
Question 1: According to Milton Friedman, the reason there are two Phillips curves is because a....
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14. Pharmaceutical companies often get patents granting them the exclusive right to produce and market drug formulations they have developed. These patents are: a. the result of non-compete agreements signed by pharmaceutical firms. b. in violation of ethical principles on which business is based. c. probably of little use because what one firm can patent, another can duplicate. d. rewards for the millions that firms have invested in the research and development process. 15. Last summer, the Thomas family had...
Please help with these questions
Question 26 0.4 pts When one producer has a comparative advantage in production, he or she O is unable to reach his or her production possibilities frontier (PPF) O does not benefit from trade with other producers. trades only with others who have the same comparative advantage. can produce a good at a lower opportunity cost than someone else. O can produce more output than someone else using the same quantity of resources, Question 27...
Hello I need question 3 with 3/4 of a page. There are two
documents as you will see.
unheuser has strugsled with slow growth of t Market Senacthure Monopoly and Monopoistic Competition 221 ket beers in recent years. U.S. sales laws in its efforts to prevent an Israeli company from successfully selling a generie version of its cholesterol medicine, TriCor. Drug companies usually have three to 10 years of exclusive patent rights remaining when their products hit the market. However,...
Please, can you provide a one-page answer to question number 3!
This component is essential!
unheuser has strugsled with slow growth of t Market Senacthure Monopoly and Monopoistic Competition 221 ket beers in recent years. U.S. sales laws in its efforts to prevent an Israeli company from successfully selling a generie version of its cholesterol medicine, TriCor. Drug companies usually have three to 10 years of exclusive patent rights remaining when their products hit the market. However, they can often...
THERE ARE 20 total QUESTIONS PLEASE ANSWER ALL OF THEM
QUESTION 1 One way to reduce the recessionary gap through fiscal policy is to O increase government purchases. increase taxes. O decrease transfer payments. decrease the MPC QUESTION 2 Which of the following is true of open-market operations? It involves the purchase and sale of government securities by the central bank. O it involves the purchase and sale of stocks and bonds by private banks. It involves measures taken by...
his Question: 1 pt 1 of 6 (1 complete) This Quiz: 6 pts pos Question Help Assume that thermometer readings are normally distributed with a mean of O°C and a standard deviation of 1.00°C. A thermometer is randomly selected and lested. For the case below draw a sketch, and find the probability of the reading. (The given values are in Celsius degrees.) Between 0.25 and 1.50 OB C. a, 2-0 25 21.50 025 -1.50 025 2-1. The probabilty ot getting...
macoroeconomics
1. Society as a whole faces opportunity costs because a. there is not enough money to go around b. politicians are greedy c. resources are scarce d. our needs are unlimited 2. Mary decides to spend 3 hours working overtime rather than watching a video with her friends. She earns $9 an hour. Her opportunity cost of working is: a. the enjoyment she would have received had she watched the video with friends. b. $27 she earns working c....
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