Comparing firms in perfectly competitive markets to monopoly firms, which results in a deadweight loss?
monopoly firms
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In response to news reports that taking aspirin daily can reduce an individual's risk of a heart attack, there will most likely be a(n)
A. increase in the demand for aspirin. B. increase in the quantity demanded of aspirin. C. increase in the supply of aspirin. D. decrease in the supply of aspirin.
Which of the following stock market increases is best explained by the notion of a bubble?
A. The late-1982 rally in which the DJIA doubled in 4 months B. The U.S. stock market's growth in 2009 C. The U.S. stock market in technology stocks the late-1990s D. The decade of the 1980s
R&D lab organization The key assets of Prescott Pharmaceuticals are its capable R&D scientists who generate and evaluate countless new chemical compounds for possible product profitability. They had structured their various laboratories based on the
diseases and patient classes the new drugs would treat, e.g., skin cancer, COPD, Irritable Bowel Syndrome. Recently, the scientific discoveries have made biologicals, or "large molecules," a much more promising avenue of treatment. However, the skills required to synthesize, produce, and evaluate biologicals are represented by more narrow and distinct fields of study. Scientists benefit greatly from sharing knowledge gained within their own field but they have few skills that span across these fields. How does this change affect Prescott's organization of its scientists?
GoFresh and Heptol are leading shower gel producers in a market. The two firms are large enough to cover almost the entire market demand. A new firm that is comparatively smaller wants to enter the market. In the given scenario, which of the following statements is most likely to be true? a. The new firm cannot enter the market because it does not fulfill the legal requirements
b. The new firm cannot enter the market because its product is not liked by the consumers. c. The new firm cannot enter the market because it is technologically difficult for it to produce shower gel. d. The new firm cannot enter the market because it is too small to spend a considerable amount of money on advertising.