Drug companies protect their monopolies over various drugs they develop by utilizing
A) patent protection.
B) low cost production.
C) diseconomies of scale.
D) zero economic profits in the long run.
A
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All else equal, if the interest rate is 5%, what is the PDV of a lottery prize that pays $1,000,000 today and $1,000,000 each year for the next 19 years?
A. $10,500,000 B. $12,462,210 C. $13,085,321 D. $20,000,000
Unemployment and inflation are important determinants of short-run material welfare, whereas productivity growth is an important determinant of long-run material well-being.
Answer the following statement true (T) or false (F)
FancyFoods provides a monthly bonus for servers when sales volume exceeds 120 percent of the same month last year. The size of bonus is tied to the individual server's sales of meals in comparison to an average server's sales. This system attempts to introduce a(n):
A. group performance contract. B. relative performance contract. C. absolute performance contract. D. risk-sharing contract.
The international investment position of the United States is negative. This means that
A) the U.S. current account balance is positive. B) foreigners own more U.S. assets than domestic residents own foreign assets. C) foreigners own fewer U.S. assets than domestic residents own foreign assets. D) the U.S. current account balance is negative.