Answer:
Lerner index for Botox = 0.9
Explanation:
The Lerner index measures market power in an industry. The formula for calculating the Lerner index is: L = (P - MC) / P
Lerner index for Botox = ($15 - $1.50) / $15 = 0.9
0.9 in the Lerner index means that a company has a very large market power. Under this situation, this is quite logical since Allergen has a monopoly on Botox, at least until the patent expires.
The Lerner index varies between 0 and 1, with 0 being a situation of perfect competition and 1 a monopolistic situation.
Answer:
The correct answer is (B)
Explanation:
Gross domestic product is the economic value of goods and commodities produced within the country in a specific period. GDP per capita is calculated by dividing GDP by the total number of population. In 1950 the GDP of American was 6000$, and in 2013 it was 48000$.
6000$ * 8 =48000$
An average American could buy 8 times more than the average American in 1950.
Answer:
She will earn $17.50.
Explanation:
Interest earned is the amount of interest earned on the a deposited amount in a saving amount on simple interest.
Balance in the account = $500
Interest rate = 3.5%
Interest earned = Average balance x Interest rate
Interest earned = $500 x 3.50%
Interest earned = $500 x 0.035
Interest earned = $17.50
- A firm that treats the whole world as one market by emphasizing the similar cultures in all the countries is called a global marketing firm.
- A firm that observes the world is comprised of different countries and done marketing of products in each country in a varied manner is called a multinational marketing firm.
<h3>
What is a marketing firm?</h3>
A marketing firm is an entity that enabled a business to create, execute and sustain the marketing strategies in the consumer market.
- The global marketing firm is the one that creates a standardized market in the scenario of similar cultures and adapts when the cultures are different in the worldwide market.
- The multi-national marketing firm is the entity that introduces varied products, their branding, and promotion in various countries in which they have their businesses.
Therefore, the global marketing firm focuses on marketing in the entire world whereas the multinational marketing firm focuses on the country in which they have their business set up.
Learn more about the marketing in the related link:
brainly.com/question/27155256
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Answer: Option C
Explanation: In simple words, multinational market refers to the economic system in which different countries of the world trade with each other by decreasing the barriers and taxes so that booth countries could be benefited from the ongoing business.
Multinational market structures have resulted in drastic expansion ion business activities all around the world as the business firms can not target new markets which were earlier out of reach
Hence from the above we can conclude that the correct option is C.
