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Author Question: Legal and Natural Barriers to EntryA potential new drug could cure insomnia with one dose, but ... (Read 7 times)

hjfhdiskkjs

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on: Nov 23, 2022
Legal and Natural Barriers to Entry

A potential new drug could cure insomnia with one dose, but research and development for the drug would cost $125 million dollars. The monopoly profit (earned while a single firm produces the product) will be $11 million per year. After a patent expires, the original developer of the drug will have sufficient brand loyalty to earn $2 million per year for another 7 years. What is the shortest patent length required to induce a firm to develop the drug?
Please round up to the nearest year.
◦ 11
◦ 22
◦ 2
◦ 12
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by hjfhdiskkjs on Nov 23, 2022

bleep bloop

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Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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hjfhdiskkjs

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Reply 2 on: Nov 23, 2022
YES! Correct, THANKS for helping me on my review

ultraflyy23

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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