Because when a patent ends and generic drugs are introduced, Ask an Expert

Economics

Because when a patent ends and generic drugs are introduced there is downward pressure on price, the makers of the brand name drug will: Select one:

a. claim the generic is not as good as the patent version of the drug.

b. abandon the product.

c. price discriminate.

d. raise their price.

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M91709779

Have any Question?Write your Review or question?

Related Questions in Business Economics

A production system has two spares of a critical component

A production system has two spares of a critical component that have average uptime 1/lamba = 1 month. Find the probability that the 3 components (the operating one and the two spares) will last more than 6 months. Assum ...

Are there manufacturers and retailers who have taken steps

Are there manufacturers and retailers who have taken steps to reduce their pollution impact, both air quality and industrial pollution, while maintaining a viable place in the market?

The following are amounts of time minutes spent on hygiene

The following are amounts of time (minutes) spent on hygiene and grooming in the morning by survey respondents (based on data from an SCA survey). 15, 16, 18, 25, 26, 30, 32, 41, 45, 55, 63. Does the number 63 appear unu ...

How are rbrvs intended to work and how will the change in

How are RBRVS intended to work and How will the change in relative prices across services and procedures affect resource allocation in medical care?

At a large university the probability that a student take

At a large university, the probability that a student take calculus and is on the dean's list is 0.048. The probability that a student is on the dean's list is 0.29. Find the probability that the student is taking calcul ...

Suppose that a firm had a production function given by

Suppose that a firm had a production function given by: q=2L0.5K0.5. The rental rate for the firm is $10 and the wage is $5. Solve the optimization condition for K and then fill in the value that appears in front of L. K ...

You are a division manager at bmw you estimate the

You are a division manager at BMW. You estimate the semiannual demand for model X3 is: Q=150,000-1.5P What price should you charge in order to maximize the revenues from sales of model X3? Explain.

Suppose a consumer is trying to make a choice over the

Suppose a consumer is trying to make a choice over the consumption of two goods: x and y. Px = 3, Py = 4 and the income is equal to 50. Assume that the government distributes some stamps that are good to buy 5 units of g ...

1 the following table shows the prices and quantity

1. The following table shows the prices and quantity demanded of Alberta wheat in 2014 and 2015. The change in 2012 resulted from exceptional weather, resulting in a bumper crop. 2014 2015 Bushels demanded 1.74 billion 1 ...

Link changes in unemployment inflation wages and gdp to one

Link changes in unemployment, inflation, wages, and GDP to one another and how they impacted each other during periods of economic decline (recessions) and periods of economic growth (expansion) over the past 10 years.

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert