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Author Question: The diagram below shows the demand curve and marginal cost and marginal revenue curves for a new ... (Read 78 times)

moore.cailinf

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on: Oct 12, 2022

The diagram below shows the demand curve and marginal cost and marginal revenue curves for a new heart medication for which the pharmaceutical firm holds a 20-year patent on its production and sales. This protection gives the firm monopoly power for the 20 years of the patent.


FIGURE 10-9

Refer to Figure 10-9. Suppose this pharmaceutical firm is charging a single price for its drug and is maximizing its profits. If it then begins to perfectly price discriminate among its buyers and maximizes its profits by doing so, it will


◦ reduce its producer surplus by areas C + F + H.
◦ generate an increase in producer surplus equal to areas D + E + H + I.
◦ cause a loss of economic surplus to society as a whole.
◦ decrease its total output.
◦ no longer be equating MR and MC.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by moore.cailinf on Oct 12, 2022

swagmaster69

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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moore.cailinf

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

cassie_ragen

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Reply 3 on: Yesterday
Wow, this really help

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