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Genentech owns a patent on tissue plasminogen activator (TPA), which is an enzyme that helps the body break down blood clots. TPA is particularly valuable to cardiac patients, since it often allows heart problems to be treated with medication rather than surgery. Recently, however, firms in the medical industry have come under fire by some members of Congress and the press for charging high prices and earning monopoly profits. Do you think cardiac patients would benefit if the government stripped Genentech and other pharmaceutical firms of their patents? Explain.
if the price of the imported tv sets was 300.00 in the us.at the beginning of the year how much would you expect the
1. recently the obama administration proposed a 1.00 per unit pack excise tax on cigarettes which would be imposed
Which of the following is most likely to lead to an increase in the value of the dollar?
a manufacturing company is thinking of launching a new product. the company expects to sell 950000 of the new product
A public sector project being considered in a town and is expected to have the following cash flows. Annual benefits = $100,000 Expected annual dis-benefits (quantifiable) = $25,000 Annual cost= $50,000 If MARR is 3 percent, what is the modified B/C ..
A. What is market failure What are the major reasons that a free, unregulated market in medical care might not be optimal B. What assumptions of the perfectly competitive marketplace are violated in medical markets How does each affect equilibrium ..
Adrian is about to borrow $2,814 from his uncle. He has an option to repay the loan at the end of year 5 with 9.62% simple interest per year or with 5.36% interest per year, compounded annually.
what is the definition of price elasticity of demand? what is the relationship between price elasticity of demand and
The market represented in exhibit above is allowed to operate freely, find the total employment in the market and total employment by the firm
What determines the slope of the per-worker production function How do "rules of the game" affect productivity and growth What types of "rules" should a government set to encourage growth
If the two firms are engaged in Cournot competition, determine the price (P), quantity sold by each firm (Q_1, Q_2), total quantity sold (Q) in the market and profit earned by each firm in this market.
Ethical Dilemma: How would you describe Wal Mart's impact on local economies and communities, and how far should "corporate social responsibility apply?
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