If the patent on a drug expires and the average price of
If the patent on a drug expires and the average price of the drug falls to a lower equilibrium price, there will be:
A. A loss in efficiency
B. A gain in economic profit
C. An increase in consumer surplus
D. An increase in the producer surplus
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in pure competition marginal revenue isa equal to total revenueb equal to product pricec less than product priced
who was the author of the famous storybook alices adventures in
the demand function for a certain brand of cd is given by p-01x2-2x11 where p is the unit price in dollars and x is the
the graph above depicts a situation where if the market demand for the product increases the prices of the resources
if the patent on a drug expires and the average price of the drug falls to a lower equilibrium price there will bea a
refer to the graph above representing the purely competitive market for a product when the market is at equilibrium the
consider the equation nx s t-g - i afterwards determine what happens to trade balance public saving private saving
if the maker of a patented drug sells the drug at a price above the equilibrium price then therea are efficiency or
competitive firms will always try to earn more than a normal profit by doing the following excepta adopting better
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