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Author Question: Many biologic drug manufacturers are pushing for patent protection to be extended to 12 years before ... (Read 108 times)

DyllonKazuo

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Many biologic drug manufacturers are pushing for patent protection to be extended to 12 years before generics are allowed to be introduced to the market. This reflects which of the following barriers to entry?
 
  A) network externalities B) entry blocked by government action
  C) economies of scale creating a natural monopoly D) control of a key resource

Question 2

The justification for occupational licensing laws is that they protect the public from incompetent practitioners (for example, lawyers and medical doctors), but the laws also result in
 
  A) ownership of a key input.
  B) higher prices and restrictions on the number of people who can enter the professions affected by the laws.
  C) an increase in the amount of output required to achieve minimum efficient scale.
  D) economies of scale.


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javimendoza7

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DyllonKazuo

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Reply 2 on: Jun 29, 2018
Excellent


abro1885

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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