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1 year ago

When a pharmaceutical company discovers a new drug, patent law gives it market power by guaranteeing:

Business

1 answer:

Roman55 [17]1 year ago

5 0

C) exclusive ownership of the drug's right to sell it for a limited time.

What guarantees the monopoly when a pharmaceutical company discovers a new drug?

A company without market power is a monopoly. Patent law grants a pharmaceutical company a monopoly when they discover a new drug: the right to sell the drug in part for an unlimited number of years.

What is monopoly power's fundamental source?

Barriers to entry are the primary factor that lead to monopoly. There are three sources of entry barriers: Responsibility for secret weapon.

Is a patent monopoly-granting?

Invention is rewarded by patents, not commercialization. In a similar vein, a patent does not constitute an economic monopoly. First, because having a patent does not result in the "single supplier" situation that is typical of most monopolies in real life.

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1. Charlie Corporation transfers $700,000 stock and land with a value of $200,000 (basis of $95,000) to Sebago for most of its a

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Answer/Explanation:

1. Charlie: Asset revalued

Asset Old Value New Value Gain Loss

Land 200,000 95,000 105,000

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Stock 700,000 630,000 70,000

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4 years ago

Nu Company reported the following pretax data for its first year of operations. Net sales 2,870 Cost of goods available for sale

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Answer:

Net income = $688

Explanation:

If Nu elects FIFO, we have:

Cost of good sold = Cost of goods available for sale - Ending inventories = 2,490 - 1,260 = $1,230

Gross profit = Net sales - Cost of good sold = 2,870 - 1,230 = $1,640

Net operating income = Gross profit - Operating expenses = 1,640 - 780 = $860

Tax = $860 × 20% = $172

Net income = $860 - $172 = $688

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3 years ago

Cardero Midwifery's cost formula for its wages and salaries is $2,280 per month plus $348 per birth. For the month of August, th

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Answer:

Total cost= $43,344

Explanation:

Giving the following information:

Cardero Midwifery's cost formula for its wages and salaries is $2,280 per month plus $348 per birth. For August, the company planned for an activity of 118 births.

To calculate the budgeted cost, we need to use the following formula:

Total cost= total fixed cost + unitary variable cost*number of units

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Total cost= $43,344

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4 years ago