Monopolists typically prefer not to segment markets

Assignment Help Business Economics

Reference no: EM13830402

1) If the Bill and Melinda Gates Foundation were to buy out and destroy the patent for Combivir, which of the following would NOT be one of the effects?

A. The number of people treated with Combivir would rise.

B. Drug companies would have no incentive to create new and better drugs.

C. No one would have a monopoly on Combivir.

2) Which of the following statements is TRUE?

A. Monopolists typically prefer not to segment markets.

B. To maximize profits, monopolists will always set a higher price in markets with more inelastic demand curves.

C. Even if demand curves are identical, it is still typically profit maximizing for monopolists to charge different prices in different markets.

Reference no: EM13830402

Questions Cloud

Using the straight line method : You buy a used Tesla Model S for $30,000. It is depreciated over 6 years using the straight line method. The salvage value will be $8000. According to the straight line method, what is the book value at the end of year three?

Using units of production method-calculate depreciation rate : An injection molder is purchased for $500,000 for a large scale commercial operation. Its expected life is production of 2 million plastic wheels. Its salvage value is $1,000. Using the units of production method, calculate the depreciation rate per ..

What monetary policy actions to take to support economy : Please describe the policy suggestions you might have for the Federal Open Market Committee if you were appointed adviser to the Federal Reserve Bank. Imagine the country is experiencing economic slump and the FOMC is not sure what monetary policy ac..

Dynamics between the government budget and the debt ceiling : Several organizations and individuals – usually advocates of a balanced budget – maintain National Debt Clock. Is national debt a worry for the economy? Economists do not agree on the answer to this question. How did the 1974 Congressional Budget Act..

Monopolists typically prefer not to segment markets : If the Bill and Melinda Gates Foundation were to buy out and destroy the patent for Combivir, which of the following would NOT be one of the effects? Monopolists typically prefer not to segment markets.

Difference between industry view and resource view : Explain the difference between the Industry (external) view and the Resource (internal) view of sustainable competitive advantage. Make sure you explain Porter’s Five Forces model and the resources and capabilities emphasized by the Resource Based Vi..

What is the book value at the end of year using SOYD : If an asset costs $15,000 and after 3 years the salvage value is $2,000, what is the book value at the end of year 2 using SOYD? What does MACRS stand for? A new motorcycle costs $4,000 and has a lifespan of 10 years. The salvage value is $500. Using..

Straight line method-what annual depreciation on computer : A new computer has a 4 year life span with an initial cost of $1,200 and a $200 salvage value. According to the straight-line depreciation method, what would the annual depreciation on the computer be? You buy a used Tesla Model S for $30,000. It is ..

Chapter of technological change that has caused unemployment : Supposed that two nation start out in 2013 with identical levels of output per work hour – say, $100 per hour. In the first nation, labor productivity grows by 1 percent per year. What are some examples, other than those given in the chapter of techn..

User Account

All Pages