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It is very expensive to do the research to invent a new drug, but the cost of producing the drug once it has been invented is only $1 per dose. Assume the inventor has a patent, which creates a monopoly.
a) Draw a diagram showing the monopolist's profit-maximizing price, quantiy, and profits
b) Explain whether the monopolist's equilibrium results in a the socially optimal price and quantity.
c) Would it be a good policy to impose a price ceiling? If so at what level? Explain.
d) Would it be a good policy to eliminate patents, so any firm can produce the drug? Explain
Suppose the inverse market demand for strawberries is given p = 7 - 0.0015Q. In the short run there are 100 identical strawberry producers in the market. Draw in the market demand curve on the right panel below.
1. How does a search engine work and make money? What is the ex-potability of search engine's technology and business model? 2. Why did many governments appear threatened by google? How did they counter this threat? Discuss each country separately.
Suppose that you are the leader of a team that has just been established to develop a totally new registration system at SJSU.
Is the stock market perfectly competitive?
Discuss explain how the concept of sustainability fits into the theory of corporate social responsibility.
Select one of the assumptions, principles, constraints, primary characteristics, secondary characteristics or elements of accounting as found in the theoretical framework of accounting
Describe and explain the terms mood, emotion, emotional intelligence and emotional labour.
write a functional goal statement for the scenario used in the Option (also linked below), and compare it with functional goal statements posted by your peers.
Although Ethical relativists believe that what is right is determined by what a culture or society says is right, confusion about them abound. Explain the three unsatisfactory implications to their point of view.
Compute the predetermined rate assuming that Marine Components uses machine-hours to apply overhead. (Round your answer to 2 decimal places.)
Pick any one of these levels of conceptualizing leadership and argue that it is the most important and useful for defining, describing and explaining leadership: intra-individual, dyadic, group, OR organizational.
Justin works as a sales associate for a well known Fortune 100 research company. Aware that he has a good rolodex and credibility among the client accounts he services, a smaller research company tries to hire him. What can the Fortune 100 company..
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