If country A imposes tariffs on goods from country B, it could lead country B to retaliate against country A.
<h3>What happens when countries impose tariffs?</h3>
When a nation imposes tariffs on another nation, it makes goods from that other country more expensive and will therefore limit trade.
The other country might then reply by placing tariffs on the goods of the first country as country B might do here.
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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.
The question is incomplete, it lacks option.
A) Brand loyalty
B) Demographic forces
C) Political forces
D) Brand positioning
E) Economies of scale
Answer:
Economies of scale
Explanation:
Economies of scale can be described as a reduction in cost, this occurs when companies increases the rate of their production.
Economies of scale can also be reffered to as a process whereby an organization becomes more efficient and therefore reduces the costs of their products.
Economies of scale can be greatly influenced by a large amount of capital which is made available to companies to improve their various operations.
Answer: True
Explanation: Hope This Helps :)
