Brand name and generic drugs together

Assignment Help Business Management
Reference no: EM131976331

Morris pharmaceutical company will soon face the patent expiration of a type of HIV drugs, which is considered as no substitute in the current market for HIV medicines. Which of the following description is not correct after the patent expiration? Please explain why.

1) In the market for the same type of drugs (brand name and generic drugs together), the (aggregate) supply curve will shift to the right.

2) In the market for this Morris brand name drug, the demand curve will shift to the left.

3) In the market for the same type of drugs (brand name and generic drugs together), the equilibrium quantity will increase.

4) In the market for this Morris brand name drug, the demand curve will become less elastic.

Reference no: EM131976331

Questions Cloud

What was jim crow segregation like : What was Jim Crow segregation like? What was the Great Black Migration? What were its causes? What were its consequences?
What will be the shareholders required rate of return : What will be the shareholders’ required rate of return if management adopts these changes?
What are your hopes for what the future holds for me : What are your hopes for what the future holds for me? For my children? If you could hold on to one memory from your life forever, what would that be?
Describe the implications in the business sector : An overview of the foundations examined throughout the course to a specific industry or company in the business sector and describe the implications.
Brand name and generic drugs together : In the market for the same type of drugs (brand name and generic drugs together), the (aggregate) supply curve will shift to the right.
What rate should he quote for apr-what is the firm sales : What rate should he quote for APR if the interest is to be compounded monthly? What is the firm’s sales?
What made americans reach the point of this tragic bloodbath : The Civil War is the deadliest war in American History. What made Americans reach the point of this tragic bloodbath? What caused the Civil War?
Create a sample mind map on a topic of your choice : Create a sample Mind Map on a topic of your choice. Include at least three major subjects with two subtopics each.
Describe the stakes-what each stakeholder has to gain : Describe the stakes-what each stakeholder has to gain or lose by the possible actions suggested in the case.

Reviews

Write a Review

Business Management Questions & Answers

  Population is a typical element that can be a blessing

Population is a typical element that can be a blessing as well as a big problem with limited capital and resources.

  Analyzing and managing foreign entryfind a joint venture

analyzing and managing foreign entryfind a joint venture and provide background about both companies. explain why they

  Methods of treating mental illness

Do you believe that there actually is a crisis in health care in the United States? Why, or why not? Give evidence to support your answer in 75 words or more.

  Moral rights approach to ethics

(a) Explain what ethical lapse is. Has an ethical lapse occurred in the scenario? Support your answer with facts from the scenario. (b) Explain the moral rights approach to ethics. Relate the moral rights approach to the scenario.

  Transformational leaders build trust with followers

Discuss how transformational leaders often build trust with followers. Give a brief example of how siloed thinking may affect an organization.

  Illustrate what is the probability he paid cash or check

The credit department of Lion's Department Store in California, reported which 22 percent of their sales are cash or check, 28 percent are paid with a credit card and 50 percent with a debit card. Illustrate what is the probability he paid cash or ..

  Spending multiplier to get larger

If the government increased taxes so that consumers had less money to spend, would this cause the spending multiplier to get larger, get smaller, or stay.

  What is the rate of return on the stock

What is the rate of return on the stock if the current stock price is $29.60 a share?

  Cost of opening the new branch and remaining open

He also expects to generate $150,000 per year in revenue. What is the total cost of opening the new branch and remaining open for one year?

  Disadvantages of the structure of the united states

Discuss at least one of the advantages and at least one of the disadvantages of the structure of the United States of America under the Articles of Confederation as compared to the nation immediately after ratification of the Constitution.

  Explain what are the financial risks taken in your business

What strategic risks have been taken or will be taken by your business? What operational risks does your business take on a daily basis? What are the financial risks taken in your business?

  Generate input about improvement alternatives

What additional tactics might Stacey have used to generate input about improvement alternatives? How should Stacey and her team evaluate the worth of the tactics that are implemented?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd