Ask Question
BusinessBusiness
24 October, 22:51

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. encourage research. C. increase the overall welfare of society through better health because drug companies continually produce better medications. D. All of the above are correct.

+3
Answers (1)
  1. 24 October, 23:23
    0
    All of the above are correct.

    Answer: Option D.

    Explanation:

    Medication organizations are permitted to charge over the minimal cost and become monopolists since it gives a motivator to energize examine by different organizations to make items that will gain them benefit.

    If they become the monopolists, they will earn more profit and money and this will act as an incentive for them to work more towards innovation, increasing productivity.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Drug companies are allowed to be monopolists in the drugs they discover in order to A. increase the availability of expensive but useful ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
You just so happen to have $300,000 in your savings account, which pays a guaranteed %5.0 annual interest. You invest the entire amount into buying house, and sell the house three years later for $351,700. Is this a good investment?
Answers (1)
Partners' personal assets: a. cannot be reached by partnership creditors. b. cannot be reached by partnership creditors unless partnership assets are exhausted. c. can only be reached by personal creditors. d. none of the above
Answers (1)
Assume that microbrewery beer is a normal good. Prices of microbrewery beer have risen steadily in recent years. Over this same period, prices for fermenting vats used in beer making have also risen and consumer incomes have fallen.
Answers (1)
Carrie D's has 6.8 million shares of common stock outstanding, 2.8 million shares of preferred stock outstanding, and 18.00 thousand bonds. If the common shares are selling for $15.80 per share, the preferred share are selling for $28.
Answers (1)
Suppose that real GDP per capita in the United States is $44,000. If the long-term growth rate of real GDP per capita is 2.4% per year, how many years will it take for real GDP per capita to reach $88,000?
Answers (1)
New Questions in Business
The University Golf Shop desires to make $10,000 in pretax profits. If the contribution margin ratio (CMR) is 50% and the fixed costs are $110,000, what is the required level of sales
Answers (1)
Uriah received the following interest payments:Interest of $400 on an overpayment of a previous year's Federal income taxesInterest of $300 on an award received for money lost due to fraud by his previous investment advisorInterest of $1,500 on
Answers (1)
4. Trade policies Tariffs and quotas do which of the following? Benefit domestic producers of the protected good and harm domestic consumers of the protected good Benefit foreign producers of the protected good and harm domestic producers of the
Answers (1)
How did whirlpool use capabilities of text analytics to better understand their customers and improve product offerings?
Answers (1)
How did the Once-ler encourage his target market to learn more about the thneeds?
Answers (1)
Home » Business » 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. encourage research. C.
Sign Up Forgot Password?