Drug companies tend to attribute higher drug prices on
A. long testing processes.
B. pharmacies charging too much for drugs and long testing processes.
C. pharmacies charging too much for drugs.
D. doctors distributing too many free samples.
Answer: A
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The price of a computer is $1,000 and the price of a car is $12,000. What is the relative price of a car? What is the relative price of a computer?
What will be an ideal response?
If the interest rate is 10 percent, the present value of $400 to be received two years from today is about
A) $331. B) $484. C) $364. D) $440.
Even when two goods are perfect substitutes one can sell at a premium over the other depending on the tastes and preferences of the consumers
Indicate whether the statement is true or false
OPEC is an example of a
A. cartel (though an imperfect example). B. perfect competitor. C. natural monopolist. D. complete competitor.