Ask Question
BusinessBusiness
20 May, 02:54

Once the patent for a drug in the pharmaceutical industry expires, the market for the generic equivalents a. Has no effect on the profits earned by the original producer b. Is usually considered competitive c. Would not exist d. Is a monopolistic market

+3
Answers (1)
  1. 20 May, 04:25
    0
    The correct answer is letter "C": Is usually considered competitive.

    Explanation:

    Patents are grants of property given to creators on their inventions. Most patents are valid for 20 years counted from the filing date with the United States Patent and Trademark Office (USPTO). After the patent expires, other individuals can make use and exploit the creation. In such circumstances, the invention becomes competitive since it can be replicated by other entities, which was forbidden while the patent was valid.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Once the patent for a drug in the pharmaceutical industry expires, the market for the generic equivalents a. Has no effect on the profits ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Martin, a U. S. citizen, travels to Mexico and buys a newly manufactured motorcycle made there. His purchase is included in: O both Mexican GDP and U. S. GDP. O Mexican GDP, but it is not included in U. S. GDP. O U. S.
Answers (1)
All of the following are true regarding annuities, except: A They are similar to life insurance B They are designed to protect against outliving one's income C They can liquidate an estate D They are used primarily to provide a steady stream of
Answers (1)
Depreciation Methods Vorst Corporation's schedule of depreciable assets at December 31, 2016, was as follows: Asset Cost Accumulated Depreciation Acquisition Date Residual Value A $100,000 $ 64,000 2015 $20,000 B 55,000 36,000 2014 10,000 C 70,000
Answers (1)
Suppose the government imposes a price ceiling above the equilibrium price of a given good. d) Which of the following is the most likely result? a) Some other rationing device will emerge to allocate the good among buyers.
Answers (1)
What is value? a. the revenue a company receives in one year b. the profit a company produces in one year c. the amount that a product or service is worth d. the scarcity of a product
Answers (1)
New Questions in Business
An investor shorts 100 shares when the share price is $50 and closes out the position six months later when the share price is $43. The shares pay a dividend of $3 per share during the six months. What is the investor's profit or loss? a.
Answers (1)
Which term refers to the beginning of the constitution?
Answers (1)
The risks of a focus strategy include: a. decisions by focused competitors to use their resources to serve a wider range of customers' needs. b.
Answers (1)
Floyd Industries stock has a beta of 1.30. The company just paid a dividend of $.30, and the dividends are expected to grow at 4 percent per year. The expected return on the market is 13 percent, and Treasury bills are yielding 4.5 percent.
Answers (1)
Martin is offered an investment where for $ 6 comma 000 today, he will receive $ 6 comma 420 in one year. He decides to borrow $ 6 comma 000 from the bank to make this investment.
Answers (2)
Home » Business » Once the patent for a drug in the pharmaceutical industry expires, the market for the generic equivalents a. Has no effect on the profits earned by the original producer b. Is usually considered competitive c. Would not exist d.
Sign Up Forgot Password?