(Answered) Morris pharmaceutical company will soon face the patent

Management Studies

Morris pharmaceutical company will soon face the patent expiration of a type of HIV drugs, which is considered as no substitute in the current market for HIV medicines. Which of the following description is not correct after the patent expiration? Please explain why.

1) In the market for the same type of drugs (brand name and generic drugs together), the (aggregate) supply curve will shift to the right.

2) In the market for this Morris brand name drug, the demand curve will shift to the left.

3) In the market for the same type of drugs (brand name and generic drugs together), the equilibrium quantity will increase.

4) In the market for this Morris brand name drug, the demand curve will become less elastic.

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M92813984
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Management

Question 1 systems theory integrated the ideas of the

Question 1: "Systems theory integrated the ideas of the classical and human relations' theories while contingency theory extended them." Discuss. Question 2: "An individual's behaviour is sometimes based on their percep ...

How might social media help in recruiting passive job

How might social media help in recruiting passive job applicants, those not actively looking for a job?

Explain why integrating organizational functions using

Explain why integrating organizational functions using enterprise systems for the organization is preferable/necessary. Please Include the following items with your rationale: main benefits & impact with example for GBI ...

In class we were discussing different types of learningwhat

In class we were discussing different types of learning What is the difference between Institutional Learning and System Learning? Is it possible to transition from one to the other in the business setting?

What was the supreme court ruling in christy brzonkala j

What was the Supreme court ruling in christy Brzonkala J Morrison .et al. the case in the text involving the constitutionally of the section of the violence against women act providing for a civil remedy. 1) The Congress ...

Web-service apis are used to create interactive android

Web-service API's are used to create interactive Android applications. Research and discuss three web-service API's and identify the features associated which each Web-service API.

Assume you are not planning to pay out dividends in the

Assume you are not planning to pay out dividends in the coming year. You want to maintain ROIC of 16 %. You have outstanding debts of $56,000,000 and shareholder equity of $75,000,000. You know your expenses for the comi ...

A us owned automobile factory uses 50 million worth of

A US owned automobile factory uses $50 million worth of materials produced in the US and $10 million worth of material purchased from foreign countries to produce $100 million worth of automobiles. $70 million worth of a ...

Algorithm using pseudocode for one of the following

Algorithm using pseudocode for one of the following actions: Counting down to a the following New Year's eve in days, hours, minutes, and seconds Then Explain why you chose the type of control structures and/or loops use ...

The saying when in rome as the romans is part of todays

The saying, "When in Rome, as the Romans" is part of today's society's vernacular. Would be inclined to use this as your guiding principle in regards to ethical behavior in the work place? Why or why not?

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 Management Expert