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Author Question: Once the patent for a drug in the pharmaceutical industry expires, the market for the generic ... (Read 50 times)

vicotolentino

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on: Jul 1, 2018
Once the patent for a drug in the pharmaceutical industry expires, the market for the generic equivalents
 a. Is usually considered competitive
 b. Is a monopolistic market
 c. Has no effect on the profits earned by the original producer
  d. Would not exist

Question 2

Economists love auctions because
 a. They maximize consumer surplus
 b. They minimize producer surplus
 c. They set the price for the item, avoiding costly negotiations
 d. They open the door to costly negotiations, with room for manipulation


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meganlapinski

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Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

c


vicotolentino

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

matt95

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Reply 3 on: Yesterday
Gracias!

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