If a legal monopoly owns the exclusive rights to a good for 20 years, it has a patent for that good.
What do you mean by monopoly?
Monopoly translates to "alone to sell." When there is only one vendor of a given commodity, there is little to no intense rivalry from other sellers. We'll examine the characteristics of a monopoly market in this post.
What do u understand by patent?
An innovator receives a property right known as a patent from a government body. In exchange for full disclosure of the innovation and for a set amount of time, a patent grants the creator exclusive rights to the patented process, design, or invention.
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Answer:
the decrease in the value of the retained earning is $172,500
Explanation:
The computation of the decrease in the value of the retained earning is given below:
The dividend of the stock is
= (25,000 shares - 2,000 shares) × 10% × $75
= $172,500
Since there is the stock dividend of $172,500 so it ultimately reduced the retained earning account by $172,500
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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Answer:
D. A large number of people are unemployed and have decreased spending power.
Answer:
Optimal production run= 816 units per run
Explanation:
T<em>he optimal production run is the economic batch units that minimizes the balance of set-up cost and holding cost. It can be determined by adjusting the economic order quantity (EOQ) model for gradual replenishment ,</em>
EBQ = √(2× Co× D)/Ch(1-D/R)
EBQ- Economic /optimal production run
Co- set-up cost per run
Ch- holding cost per unit per annum
D- Annual Supply- 9800× 280
Production rate per day-5000
Optimal production run =
√(2×50× 800×280)/(40×(1-800/5000))
=816.4965809
Optimal production run= 816 units per run
