This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose a new vaccine for Lyme disease is developed by Merck, a large drug company. Which of the ... (Read 81 times)

cartlidgeashley

  • Hero Member
  • *****
  • Posts: 572
on: Jun 29, 2018
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
Reply #1 on: Jun 29, 2018
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

carojassy25

  • Member
  • Posts: 299
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Large Octopus Large Octopus
The proboscis monkey demonstrates that large gut size contributes to a lower EQ. The proboscis monkey demonstrates that large gut size contributes to a lower EQ.
The Role of Parkin in Parkinson’s Disease The Role of Parkin in Parkinson’s Disease
A typical large tool box, showing just one of many drawers. A typical large tool box, showing just one of many drawers.
Drugs Used in the Treatment of Peptic Ulcer Disease (PUD) and GERD Drugs Used in the Treatment of Peptic Ulcer Disease (PUD) and GERD
How do vaccine works? How do vaccine works?
Video: Labor and Childbirth - The Three Stages of Labor: Dilation, Expulsion & Placental مراحل الولادة

For a complete list of videos, visit our video library