Although price discrimination may increase the profits of drug companies, it reduces the incentive for drug companies to develop new drugs.
a. true
b. false
Answer: b. false
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Identify the market structure characterized by many small firms selling somewhat different products
a. Monopoly b. Monopolistic competition c. Perfect competition d. Duopoly
Which of the following, in order, describes the three steps of the demographic transition?
A. Low birthrates and death rates; high birthrates and low death rates; high birthrates and death rates. B. High birthrates and death rates; low birthrates and high death rates; low birthrates and death rates. C. High birthrates and low death rates; high birthrates and death rates; low birthrates and death rates. D. High birthrates and death rates; high birthrates and low death rates; low birthrates and death rates.
Deciding to invest in capital is a short-run decision.
Answer the following statement true (T) or false (F)
How much is the APC when disposable income is $8 trillion?
