economics 5-6

Feb 16th, 2014
Business Finance
Price: $10 USD

Question description

5. Explain how the long run differs from the short run in pure competition

.6. How does a generic drug differ from its brand‐name, previously patented equivalent? Explain why the price of a brand‐name drug typically declines when an equivalent generic drug becomes available? Explain how that drop in price affects allocative efficiency.


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(Top Tutor) flavian7
School: Cornell University

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