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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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McCoy's Fish House purchases a tract of land and an existing building for $990,000. The company plans to remove the old building

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Answer:

$ 1,001,800

Explanation:

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Closing cost: 2,900

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(land taxes are payed every year, so they can't be included in the cost of land)

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3 years ago

The council of better business bureaus is a national organization devoted to consumer service and _____.

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3 years ago

Determine the top five (5) qualities that detectives and undercover officers need to possess (one [1] being the most important).

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3 years ago

Toro decided to augment its traditional hardware retail distribution channel by also selling through mass merchandisers such as

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3 years ago

he variable operating cost consists of gasoline, oil, tires, maintenance, and repairs. Kristen estimates that, at her current ra

OverLord2011 [107]

Answer: $0.51

Kristen Lu purchased a used automobile for $25,950 at the beginning of last year and incurred the following operating costs:

Depreciation ($25,950 ÷ 5 years) $5,190

Insurance $2,700

Garage rent $1,400

Automobile tax and license $710

Variable operating cost $0.11 per mile

The variable operating cost consists of gasoline, oil, tires, maintenance, and repairs. Kristen estimates that, at her current rate of usage, the car will have zero resale value in five years, so the annual straight-line depreciation is $5,190. The car is kept in a garage for a monthly fee.

Explanation:

To calculate the fixed cost per mile, calculate the total fixed cost and divide by the number of miles (25000).

The total fixed cost combines all the cost that do not change depending on the level of usage. These costs do not reduce if Kristen uses her car less or increase if she uses her car more. The variable cost is the opposite of this.

Total fixed cost = $5,190 + $2,700 + $1,400 + $710 = 10,000

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3 years ago