Multiple Choice
A new cure for Toenail fungus is discovered for individuals resistant to the original treatment.At this point the firm producing this drug
A) Could be considered a monopoly
B) Would be protected from entry by patents
C) Would be facing many new entries in the market
D) Only A&B
Correct Answer:
Verified
Correct Answer:
Verified
Q34: In a competitive industry<br>A)firms have no cost
Q35: Low risk stocks are usually accompanied by<br>A)low
Q36: Monopolies can earn positive profits<br>A)In the long
Q37: In the long-run,a perfectly competitive firm will
Q38: A sudden rise in the market demand
Q40: The concept of mean reversion is defined
Q41: A perfectly competitive firm has<br>A)A perfectly elastic
Q42: In equilibrium,low risk assets earn a _return
Q43: A market tends to be monopolistic if<br>A)The
Q44: All of these are characteristics of a