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Patents are granted for 20 years, but pharmaceutical companies cannot use their patent-guaranteed monopoly powers for anywhere near this long because it takes several years to acquire Food and Drug Administration (FDA) approval of drugs.
What purposes do barriers to entry created by the government serve?
What are other barriers to entry into the pharmaceutical industry?
Explain how the incentives facing cell phone companies and consumers cause the market for cell phones to reach equilibrium.
problem 1.a. use the spreadsheet to compute the net present value of the following series of cash flows assuming a
2.Ron and Bob's Stereo sellstelevisions and digital video recorders (DVRs). The company has estimated thedemand for these items and determined there are three consumer types (A, B andC) with equal numbers of each (assume 1 of each for simplicity). Th..
Sara's income is $12 a week. The price of popcorn is $3 a bag, and the price of a smoothie is $3. Calculate Sara's real income in terms of smoothies.
A firm uses a production function of the form Y=z*K^0.33*Nd^0.67 and chooses labor input Nd to maximize profits taking the wage rate w that it pays per unit.
Outline some of the rulings for affirmative action under Title VI of the Civil Rights Act of 1964, and the Supreme Court Decisions in the 1980s that forced the viewpoints to change of the current seniority system. Explain how the latter Civil Rights ..
Currency crises and macroeconomic performance: Using the Country Snapshots data file (snapshots.pdf), study the macroeconomic performance of Mexico, Indonesia.
Analyze the banking industry from a global and ethical posture. Be sure to be specific as to which ethical posture you are taking. See this website for information on ethical postures.
Prepare functional specifications for the company's use of the Web and the Internet. Include links to and from other sites in your design.
Discuss the main characteristics of money, bonds, credit and equities/stocks in actual ?nancial markets. What is gained and what is lost by having a macroeconomic model with only two ?nancial assets, money and bonds, with the latter including credi..
Explain how each barrier can foster either monopoly or oligopoly. Which barriers, if any, do you feel give rise to monopoly that is socially justifiable?
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