Drug companies are allowed to be monopolists in the drugs they discover in order to
a. allow drug companies to charge a price that is equal to their marginal cost.
b. discourage new firms from entering the drug market.
c. allow the government to earn patent revenue.
d. None of the above is correct.
d
You might also like to view...
Which of the following variables do not change autonomous consumption?
a. Demographics b. Taxation c. Expectation d. Wealth e. Disposable income
In the 48-year period of 1960 to 2008 , the approximate shares of U.S. GDP are
a. consumption 15 percent; investment 65 percent; government 20 percent; net exports zero b. consumption 20 percent; investment 65 percent; government zero; net exports 15 percent c. consumption 65 percent; investment 15 percent; government 20 percent; net exports zero d. consumption 65 percent; investment zero; government 20 percent; net exports 15 percent e. consumption 15 percent; investment 20 percent; government 65 percent; net exports zero
A fair coin is flipped. You will be paid $1 when it is heads and penalized $1 otherwise. What is the variance of the payoffs?
A. 0.25. B. 0. C. 1. D. 0.50.
The shutdown point for a perfectly competitive firm is the
A. lowest point on the marginal cost curve. B. lowest point on the AVC curve. C. point at which a firm's long-run supply curve ends. D. lowest point on the ATC curve.