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

Author Question: Once the patent for a drug in the pharmaceutical industry expires, the market for the generic ... (Read 95 times)

vicotolentino

  • Hero Member
  • *****
  • Posts: 552
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

meganlapinski

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

c


vicotolentino

  • Member
  • Posts: 552
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

essyface1

  • Member
  • Posts: 347
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

) Subcutaneous drug administration: (c) the needle is inserted at a 45 ) Subcutaneous drug administration: (c) the needle is inserted at a 45
This headache remedy was “guaranteed” by the drug company; 1906. This headache remedy was “guaranteed” by the drug company; 1906.
Clinically Significant Drug-Drug Interactions in Dentistry Clinically Significant Drug-Drug Interactions in Dentistry
Wages and Machines in the Textile Industry, 1910 Wages and Machines in the Textile Industry, 1910
Drug Action Through Channels, via Voltage Changes or Chemicals Drug Action Through Channels, via Voltage Changes or Chemicals
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
Video: What is Cholesterols? Introduction to Lipoproteins

For a complete list of videos, visit our video library