HW 9 - HW 9 Chapter 15 MULTIPLE CHOICE Choose the one...

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Chapter 3 / Exercise 113
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HW 9 Chapter 15 MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the questi 1) One reason patent protection is vitally important to pharmaceutical firms is 1) ______ A) that taxes on profits from drugs are very high; profits from patent protection enable firms to pay th taxes. B) the high salaries pharmaceutical firms pay to scientists and doctors make their labor costs higher th any other business. Profits from patents are needed to pay these labor costs. C) successful new drugs are not profitable. If firms are not granted patents many would go out of busi and health care would be severely diminished. D) the approval process for new drugs through the Food and Drug Administration can take more than years and is very costly. Patents enable firms to recover costs incurred during this process.
2) The demand curve for a monopoly's product is 2) ______
3) The United States Post Office 3) ______
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Business English
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Chapter 3 / Exercise 113
Business English
Guffey/Seefer
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