At each level of income, net taxes reduce disposable income, thereby reducing consumption spending

The figure above shows the market for milk. If the efficient quantity of milk is produced, the consumer surplus is

A) $100. B) $400. C) $200. D) $600.

Patents have become less important than such factors as secrecy, lead time, and increased sales and service efforts as a means to maintain a competitive advantage in the pharmaceutical industry

Indicate whether the statement is true or false