micro economics deals with industry competitive forces.. all other factors are macro economics
Answer:
rise and aggregate demand would shirt right
Explanation:
Answer: charge a monopoly price
Explanation:
Patents provide an exclusive right to the firm in the production and sale of a drug. This provides the firm exclusive market power to decide the price and the quantity and therefore the firm is able to charge a monopoly price and also earn monopoly profits.
When an existing patent expires and the generic producers enter the market, the price reduces due to an increase in the supply of the erstwhile patented drug. This will reduce the monopoly profit of incumbent producers. Therefore, they will seek to deter the entry of generic drug makers in order to safeguard their monopoly profits and price.
Therefore, incumbents were willing to give enough to potential entrants so as to make them delay entry to charge a monopoly price.
The effect of the 2013 Supreme Court decision allowing legal action against these companies is increase in the cost of pay-for-delay agreements and also reduce incumbent profits from these agreements.
Answer:
<em><u>Seasonal vegetables are those vegetables that can not adjust all kind of temperatures.</u></em> The seasonal vegetables are grown in the natural cycle of seasons when they are most suitable. For example, cauliflower only grows in winter season.
Answer:
Petty Cash Fund $92 (debit)
Cash $92 (credit)
Explanation:
Petty Cash Custodian is granted an amount of money for petty cash expenses at the beginning of the period.
The Petty Cash Accounts depletes the Petty Cash Custodian incurs expenses during the period
<u>The following journals shows show the Petty Cash Depletes</u>
Coffee - Starbucks $13 (debit)
Supplies - Office Depot $ 46 (debit)
UPS - Delivery Costs $ 33
Petty Cash (credit) $92
The Petty Cash depleted by $92 during the period. The Petty Cash account has to be replenished by this amount from the Cash Book
