User Account

All Pages

Important information-market structure

Assignment Help Microeconomics
Reference no: EM1370676 , Length: 400 Words

Pharmaceutical companies can expect to earn large profits from blockbuster drugs (for high blood pressure, depression, ulcers, allergies, sexual dysfunction) while under patent protection. What is the source of these profits? Upon patent expiration, numerous rival drug companies offer generic versions of the drug to consumers. (The original developer continues to market the drug under its trade name and usually offers a second generic version of the drug as well.) Discuss the effect of patient expiration on the market structure, pricing, and profitability for the drug.

Reference no: EM1370676

Questions Cloud

Explain what are the characteristics of leaders : Explain What are the characteristics of leaders who derailed failed to perform successfully and were either dismissed, transferred, opted for early retirement
What is the magnitude and direction of the initial velocit : State the direction as an angle with respect to the +x axis.
Face to face interactions : In an increasingly internet world what could possibly replace the "face to face?" Is this good or bad? What is the impact on the Project Manager?
Write application to compute the total cost of new carpet : Write the application which computes the total cost of new carpet for a rectangular room. Application must first ask user for the current cost of the carpet per square foot. It then asks for both length.
Important information-market structure : What is the source of these profits? Upon patent expiration, numerous rival drug companies offer generic versions of the drug to consumers.
Information of market concentration : What is the approximate Herfindahl index? What is the four-firm concentration ratio?
Describe strategies for emerging markets : Describe strategies for emerging markets and Select one of the emerging strategies and write a short essay explaining why you believe it will or will not function effectively
The concept of present value : The concept of present value gives equivalent in dollars available immediately to a payment that is made at some point in future.
Commercial logging and tree farms : Find out if tree farms, specifically for commercial logging already exist in some areas, and share the information with the class.

Reviews

Write a Review

Microeconomics Questions & Answers

  How much money require in order maximize the utility

How much total utility does the consumer receive

  Determine firm profit-maximizing output

Suppose that perfectly competitive firm faces the market price (P) $5 per unit, and at this price the upward-sloping portion of the firm's marginal cost curve crosses its marginal revenue curve at an output (Q) level of 1,500 units.

  Question on market consequences of price floor

A price floor is set by the government to protect the producer of the good to which price floor has been attached. There're two possible outcomes for market in price floor setting.

  Computing optimal output of competitive firm

It is supposed that the liquid soap market is perfectly competitive and current price of a case of liquid soap is $42.00. The firm has estimated it's marginal cost function to be as follows: MC=0.006Q.

  Determining opportunity cost

Describe why it would cost Andre Agassi or Venus Williams more to leave professional tennis tour and open the tennis shop than it would for the coach of the univeristy tennis team to do so.

  Economic output problems

Write down a paragraph explaining how the Hernandez Corp. finds the least cost combination of inputs for producing the given rate of output.

  Clarification of economics

Assume that macroeconomic forecasters predict that the economy will be expanding in near future. How might managers employ this information

  Regression modeling

Developing a regression model with Sample Regression Model

  Evolution of the price of gold and silver

This document shows the uses supply and demand model to explain the evolution of the price of gold and silver.

  Describing the task of managers

Why is it significant for managers to understand both short run and long run supply and demand? Please give one hypothetical or real life example which illustrates your response.

  Determining the cost of production

A fashion firm manufactures outfits using two inputs, design skills (L) and expensive materials (M). The cost of fabrication is small and might be ignored as a first approximation.

  Functions of short run average variable and marginal cost

Determine the short run average variable cost and the marginal cost functions. Determine the output level that minimizes short run average variable costs

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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