Drug companies are allowed to be monopolists in the drugs they discover in order to
a. increase the availability of expensive but useful medications.
b. increase the overall welfare of society through better health because drug companies continually produce better medications.
c. encourage research.
d. All of the above are correct.
d
Economics
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If price elasticity is greater than one, then demand is said to be elastic
Indicate whether the statement is true or false
Economics
The opportunity cost of owning a car is
A. the price of the car. B. filling the tank twice a week. C. the cost of getting your car inspected once a year. D. the vacation to Hawaii you had to give up in order to make your car payments.
Economics