Introduced there is downward pressure on price

Assignment Help Business Economics
Reference no: EM131000958

Because when a patent ends and generic drugs are introduced there is downward pressure on price, the makers of the brand name drug will: Select one:

a. claim the generic is not as good as the patent version of the drug.

b. abandon the product.

c. price discriminate.

d. raise their price.

Reference no: EM131000958

Questions Cloud

Compounded continuously compared to monthly : You make monthly deposits of $340 into an account that pays 3% per year. How much larger would the balance be after 7 years if interest is compounded continuously compared to monthly? Please provide steps.
Which country has comparative advantage in what good : Suppose in the United States, one worker can produce 10 tons of steel per day or 20 tons of chemicals per day. In the United Kingdom, one worker can produce 5 tons of steel per day or 15 tons of chemicals per day. Find the opportunity cost of both go..
What is the initial level of output per person : Suppose the parameters of the Romer model (the no-capital version) take the following values: A¯ 0 = 100, ¯` = 0.10. ¯z = 1/500, and L¯ = 100. What is the growth rate of output per person in this economy? What is the initial level of output per perso..
What is the rate of inflation in this baseline case : Suppose velocity of money is constant, the growth rate of real GDP is 3% per year, and the growth rate of money is 5% per year. Consider this a “baseline.”  What is the rate of inflation in this baseline case? What happens if the growth rate of money..
Introduced there is downward pressure on price : Because when a patent ends and generic drugs are introduced there is downward pressure on price, the makers of the brand name drug will:
Fiscal policy relies on changes in tax collections : Expansionary Fiscal Policy relies on changes in tax collections and government spending to achieve a non inflationary level of employment. Given this definition what actions and projected consequences did President Obama enact to realize this goal.
Using the assumption of the past predicts the future : Using the assumption of the past predicts the future write an equation for the weight forecast. Do the same for the assumption of cause and effect. How does the concept of error play into each?
Short run model of exchange rates determination : The following report appeared in the New York Times on August 7, 1989: “A soft landing would not force the Federal Reserve to push interest rates sharply lower to stimulate growth. Interpret this paragraph using the short run model of exchange rates ..
In order to engage in price discrimination : In order to engage in price discrimination, a monopolist has to be able to determine that there are different groups of consumers that have different ________ for the product.

Reviews

Write a Review

Business Economics Questions & Answers

  Result of the great compromise

Which of the following is the result of the "Great Compromise" between the small and large population states?

  These three constitute the entire demand for chain saws

Jen, Eric, and Kurt are all buyers of chain saws. Jen’s demand function is DJ (p) = 520 − 13p, Eric’s demand function is DE(p) = 40 − p, and Kurt’s demand function is DK(p) = 200 − 5p. Together, these three constitute the entire demand for chain saws..

  Illustrate what is the marginal cost of a shirt

A shirt company spends $1,000 per week on rent for its factory. Each shirt made at the factory requires $2 worth of cloth and $8 worth of labour and energy. Illustrate what is the marginal cost of a shirt.

  Income effect of the price change on quantity demanded

You own a rock climbing gym. Ryan is one of your customers. Ryan receives utility from rock climbing and pizza (Ryan exhausts his income in each period on the two goods). Ryan has $100 of income. At a price of $20, Ryan buys 0 sessions. What is the i..

  Q1 why might a company use an indirect cost discrimination

q1. why might a company use an indirect cost discrimination scheme versus direct cost discrimination?q2. starting with

  Impact of protectionist trade policy on real exchange rate

Protectionist trade policies are often enacted with the political intention of strengthening exports, and hence GDP. Examples of protectionist trade policies include quotas and import taxes. What is the impact of the protectionist trade policy on the..

  The free market allows hospitals to enter markets too easily

Comment on the following statement: “The free market allows hospitals to enter markets too easily; and regulators can potentially improve social well-being by restricting entry.”

  Simple spending multiplier

For each values for the MPC, determine the size of the simple spending multiplier and the total change in real GDP demanded following a $10 billion decrease.

  What will the resulting quantities demanded and supplied

A proposal has been made to increase the price paid by the consumers to the suppliers to $40. What will the resulting quantities demanded and supplied and the resulting utilization be?

  Influences affecting foreign exchange rates

Elucidate how absolute also comparative advantages were used in your simulation. Elucidate the influences affecting foreign exchange rates.

  The price elasticity of demand

If the price elasticity of demand in the United States for American-made luxury cars is 1.9, what is the impact on revenue if the price increases by 10%?

  What happens to the aggregate demand curve

Suppose the Fed reduces the money supply by 5 percent. (a) What happens to the aggregate demand curve? (b) What happens to the level of output and the price level in the short run and in the long run?

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