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 23 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
Excellent

Laurenleakan

  • Member
  • Posts: 309
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Large regions of the Boreal forest in Alberta have been divided into a grid due to industrial develo Large regions of the Boreal forest in Alberta have been divided into a grid due to industrial develo
Linear alopecia developed in this man from daily wearing of his military uniform cap Linear alopecia developed in this man from daily wearing of his military uniform cap
Intramuscular drug administration: (a) cross section of skin showing depth of needle insertion Intramuscular drug administration: (a) cross section of skin showing depth of needle insertion
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.
Airflow through the large diameter upper intake manifold is distributed to smaller diameter ... Airflow through the large diameter upper intake manifold is distributed to smaller diameter ...
The Globe Fishery packs shrimp that weigh more than 1.91 ounces each in packages marked large ... The Globe Fishery packs shrimp that weigh more than 1.91 ounces each in packages marked large ...
Video: Prone Position

For a complete list of videos, visit our video library