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Discuss the market for pharmaceutical drugs.Is the market for pharmaceutical drugs an oligopoly market or a monopolistically competitive market?Discuss the importance and cost of research and development. Does every drug pay off?Is strategic behavior important in this market? Is product differentiation important in this market? How does the movement from a patented drug to a generic drug affect this market?
Illustrate what would shoppers see when they shopped in Wal-Mart and the other "big box" stores that sell so many imported items
GDP growth is approximately 1.5 percent and has been at that level for two years. Inflation, as measured by both the CPI and GDP deflator has been at approximately 1-2 percent for the last two years.
In response to pressure from environmentalists the government now tightens the maximum damage standard to 4 units. How much fertilizer will farmers use now? What will their profit be? What is the net societal benefit? What is the value of ??
Which of the following will most likely be an unanticipated economic change and higher oil prices resulting from a revolution in an oil-exporting country such as Libya
The following table contains 3-hypothetical public assistance plans. Calculate the minimum income, the benefit- reduction rate, and the break-even income for each plan.
The MorTex organization assembles garments entirely by hand even though a textile machine exists which can assemble garments faster than a human can.
What monetary policies do you think caused the crisis What were the effects of the policies implemented in reaction to the crisis Do you think the solutions worked in the short term In the long term
Suppose the market for ice cream cones is made up of three consumers:: Josh,Daisuke, and Tim. Use the information in the following table to construct the market demand curve for ice cream cones.
According to law of comparative advantage , who should produce wheat and who must produce Cd palyer? Evaluate all relevant opportunity cost.
Illustrate what firm dominates the beer industry. What demand and supply factors have contributed to fewness in the industry.
For a developing country to grow it needs capital. The major source of capital in most countries is domestic saving but the goal of stimulating domestic saving is usually in conflict with government policies aimed at reducing inequality in redistr..
Draw a graph of the UK labour market that shows the demand for labour, the supply of labour, and the real wage rate in 1973 and 2003. Draw a graph of the UK production function in 1973 and 2003. Make sure your graph shows potential GDP in both year..
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