This topic contains a solution. Click here to go to the answer

Author Question: Suppose a new vaccine for Lyme disease is developed by Merck, a large drug company. Which of the ... (Read 70 times)

cartlidgeashley

  • Hero Member
  • *****
  • Posts: 572
Suppose a new vaccine for Lyme disease is developed by Merck, a large drug company. Which of the following is most likely to occur?
 
  A) Merck will apply for a patent on the vaccine that grants it the monopoly rights to the vaccine for many years.
  B) Merck will have a monopoly on this vaccine because of economies of scale.
  C) Other firms will quickly copy the formula making the market for the vaccine competitive.
  D) Merck will not tell anyone about its discovery though it will sell the vaccine.

Question 2

At 2015 prices, the value of production in 2016 was 6 percentage points higher than in 2015. At 2016 prices, the value of production in 2016 was 4 percentage points higher than in 2015.
 
  Using the chain-weighted output index, real GDP is ________ in 2016 than in 2015. A) 10 percent greater
  B) 5 percent greater
  C) 7.5 percent greater
  D) 4 percent smaller



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

xiaomengxian

  • Sr. Member
  • ****
  • Posts: 311
Answer to Question 1

A

Answer to Question 2

B




cartlidgeashley

  • Member
  • Posts: 572
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


Perkypinki

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

For a complete list of videos, visit our video library