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Happy s Pets inc has had a virtual monopoly anti depressants drugs for animals for many years (similar to Eli lilly product prozac for human) with a patent on this drug it has had very little competition and this drug has been a major source of company revenue and profit. However the patent will soon expire and other drug manufacturing firms seem to be preparing to enter the market in competition with Happy Pets. Describe the current market structure and they type of market structure you think will emerge after the patent expires. What should happy pets do in response to these markets changes to maximize its profits from this product?
Elucidate what factors move the marketplace away from equilibrium.
Demand for refrigerators is often explained as cyclical and very sensitive to refrigerator prices & interest rates. Given these characteristics, explain the effect of each of the following in terms of;
The size of the worker force in a community these folks are gainfully employed What is the unemployment rate.
Illustrate what would the total price be at 99,000 miles rounded to the nearest dollar amount.
Determine the Tragedy of the Commons, which gives a contemporary example, and offer a potential solution.
Illustrate what economic events or changes will "shift" demand and supply curves, and separately "move" demand or supply along their respective curves.
Compute the producer surplus from parts a and b. Are producers better or worse off as a result of international trade? Discuss why.
Explain how might the international monetary system be reorganised to rely less on the US dollar.
Assume the United States government determines that the cigarette smoking creates social expenses not reflected in current price of cigarettes in the market.
fall in demand, high unemployment etc but how can I understand the similarities (or differences) more deeply? Can you help explain.
Elucidate how would the presence of these agricultural policies affect the results of such tests.
A company has two plants with the following marginal cost functions: MC1 = 20 +2Q1, MC2 = 10 +5Q2 Where MC1 is marginal cost in 1st plant,
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