« previous next »

Author Question: The demand curve faced by a perfectly competitive firm is: a. downward sloping. b. the same as the ... (Read 40 times)

asmith134

  • Hero Member
  • *****
  • Posts: 576
on: Jun 30, 2018
The demand curve faced by a perfectly competitive firm is:
 a. downward sloping.
  b. the same as the market demand curve.
  c. horizontal.
  d. perfectly inelastic.

Question 2

When Glaxo-Wellcome introduced AZT, an AIDS drug, it was able to enjoy high profits because:
 a. the drug was highly recommended by doctors.
  b. of the quick response of rivals in introducing substitute drugs.
  c. of barriers to entry provided by patents.
  d. of its competitive price in the pharmaceutical industry.
  e. it experienced constant returns to scale in the long run.


Natalie4ever

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

A sigmoid (cooperative) binding curve A sigmoid (cooperative) binding curve
Blood PH Curve Hemoglobin Blood PH Curve Hemoglobin
Drug tolerance: A shift in the dose-response curve to the right as a result of exposure to the drug. Drug tolerance: A shift in the dose-response curve to the right as a result of exposure to the drug.
Patient with DiGeorge syndrome. Note low set ears and wide set downward slanting eyes; often these ... Patient with DiGeorge syndrome. Note low set ears and wide set downward slanting eyes; often these ...
Open-Faced Sandwiches Open-Faced Sandwiches
Normal frequency distribution, characterized by a bell-shaped curve Normal frequency distribution, characterized by a bell-shaped curve
Video: Interview with an Anorexic Woman (Part 1 of 2)

For a complete list of videos, visit our video library