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Suppose the third and fourth largest pharmaceutical companies by revenues announce a merger. Both have extensive product lines and market prescription drugs all over the world. Are the following antitrust markets:
(a) All prescription drugs.
(b) All pharmaceuticals made by "brand-name" firms-typically inventors of drugs.
(c) All pharmaceuticals made by generic firms-firms that enter and produce drugs for which patent protection has expired.
(d) All treatments for an affliction.
(e) A particular molecule.
(f) The brand-name version of a molecule.
(g) How do the following matter? (i) no legal scope for pharmacists to substitute generics for a brand-name prescription vs. mandatory substitution rules to the cheapest formulation of the same molecule; (ii) size of the cash market; (iii) size of deductibles for those covered by insurance; (iv) dispensing fees based on the value of the prescription vs. fixed dispensing fees.
A company is a monopoly in the market for bottled water. It was two plants to produced bottled water.
In terms of the consumer theory set forth in this chapter, can you explain the meaning of the following statements? a. "I think you get more for your money from Nike than from Reebok." b. "I wanted to buy a Boxster rather than a Malibu, but it just w..
How do prices, output, and profits differ between monopolies and monopolistically competitive firms.
Smith Services, Inc., was a corporation solely owned by Tony Smith. Bear, Inc., owned and operated Laker Express, a fueling station in Kentucky. Smith charged fuel to an account at Laker Express and owed approximately $35,000. There was no written ag..
What is the present value of Stephany’s endowment? What is the future value of her endowment? With blue ink, show the combinations of consumption this year and consumption next year that she can afford in a graph.
Will I be better or worse off as a result of taking out this loan. Can you create a case for legalizing loan sharking.
Suppose that a vaccine is developed for a highly contagious strain of flu. The likelihood that anyone will get this flu decreases as more people receive the vaccine.
Explain how specifically does this information affect your desire to sign a two-year contract with Toy Yachts R Us.
1. if you are the chief economist of a country experiencing high unemployment and flat gdp what macroeconomic policies
Find out the Nash equilibrium prices of the procedures at the hospitals. Do the merger result in price increases.
Which of the following is true of the discount rate?
How many DVD's will she have to sell to keep the store open for an extra hour to make profit, if each DVD is $12.
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