Drug companies tend to attribute higher drug prices on
A. the low percentage of attempts that actually result in revenue producing drugs alone.
B. doctors distributing too many free samples.
C. the low percentage of attempts that actually result in revenue producing drugs and high litigation costs on drugs that are ultimately shown to be dangerous.
D. high litigation costs on drugs that are ultimately shown to be dangerous alone.
Answer: C
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The cost of capital and the cost of debt should be identical when economic profits are positive
Indicate whether the statement is true or false
What will happen to domestic monopolists' prices and outputs when a small country engages in international trade?
a. Prices will rise and outputs will fall. b. Prices will rise and outputs will rise. c. Prices will fall and outputs will rise. d. Prices will fall and outputs will fall
If an additional unit of labor costs $20 and has a MPP of 15 units of output, the marginal cost is
A. $30.00. B. $0.75. C. $1.33. D. $300.00.
A carbon tax would increase the total volume of greenhouse gases.
Answer the following statement true (T) or false (F)