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Discuss the market for pharmaceutical drugs.Is the market for pharmaceutical drugs an oligopoly market or a monopolistically competitive market?Discuss the importance and cost of research and development. Does every drug pay off?Is strategic behavior important in this market? Is product differentiation important in this market? How does the movement from a patented drug to a generic drug affect this market?
explain why do companies grant discounts to senior citizens and students
Suppose this society produces twenty million tons of food and six million tractors per year. Is it operating on its production possibilities frontier? d. What factors might cause this nation to produce at a point within its production possibilities f..
Identify and discuss two aspects of firms' credit policy. Identify one difference in the credit policies of different company and describe why this difference may be important to consumers.
Elucidate why a decrease in aggregate demand results in a lower level of employment, given a fixed aggregate supply.
Suppose the marginal costs of reading are consatnt and the marginal benefits of reading decline(over time). Initially, the marginal benefits of reading are greater than the marginal costs. draw the marginal benefit curve and marginal cost cuve of ..
What happens to labour supply increases?-He will work more as wages increase, but only if n > 0.
If people expected that a tax cut was temporary, then this fiscal policy's effect on the economy will tend to be, When the federal government uses taxation and spending actions to stimulate the economy it is conducting,What combination would most li..
Discuss how international trade affects U.S. economy. Explain how foreign exchange rates are determined.
Elucidate the organization/industry reduce production or shutdown their operations? Explain your reasoning.
Using indifference curve analysis, explain and show graphically the effects of higher gasoline prices on:
Dairy farm Industry a small producer of milk and cheese, has estimated the quantities of milk.
use the information in the table to calculate total revenue, marginal revenue, and marginal cost. Indicate profit- maximizing level of output. If the price was $3 and fixed costs were $5, what would vaiable cost be? At what level of output would t..
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