If the patent on a drug expires and the average price of
If the patent on a drug expires and the average price of the drug falls to a lower equilibrium price, there will be:
A. A loss in efficiency
B. A gain in economic profit
C. An increase in consumer surplus
D. An increase in the producer surplus
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in pure competition marginal revenue isa equal to total revenueb equal to product pricec less than product priced
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if the patent on a drug expires and the average price of the drug falls to a lower equilibrium price there will bea a
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if the maker of a patented drug sells the drug at a price above the equilibrium price then therea are efficiency or
competitive firms will always try to earn more than a normal profit by doing the following excepta adopting better
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