Drug companies protect their monopolies over various drugs they develop by utilizing
A) patent protection.
B) low cost production.
C) diseconomies of scale.
D) zero economic profits in the long run.
A
Economics
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The pricing rule MR=MC hold for
a. All firms b. Single product firms c. Multiple product firms d. None of the above
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Traditional economists base their models of human behavior on simplifying assumptions regarding rationality and decision making
a. True b. False Indicate whether the statement is true or false
Economics