Fill in the blank: Other things constant, the introduction of generic (non-brand name) drugs on the market tends to ________ the price elasticity of demand for brand name drugs

Government shares in the gains to risk-bearing activities but does not _____

a. share in the losses when depreciation is straight-line b. share in the losses when the investor has no other income c. share in the losses when depreciation is accelerated d. share in the losses when capital losses are allowed

If the long-run supply curve in a perfectly competitive industry is upward sloping, this is because

A) firms are different. B) firms are identical. C) input prices rise as the industry expands. D) Either A or C.