Brand Name Drugs Are Chemically Identical to Their Generic Counterparts

question 136

Multiple Choice

Brand name drugs are chemically identical to their generic counterparts. Yet, consumers often prefer the brand name product to the generic product. Making consumers think that a brand name drug differs from its generic counterpart is an example of

• A) product differentiation.
• B) perfect competition.
• C) oligopolistic behavior.
• D) price taking behavior.

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Definitions:

Unreasonable

Not guided by or based on good sense or rational thinking.

Bipolar Disorder

A mental illness characterized by significant mood swings, including episodes of mania and depression.

Severely Depressed

A term describing a state of major depression where individuals experience profound sadness, hopelessness, and a lack of interest or pleasure in most activities, often requiring professional support.

Agitated

Feeling or appearing troubled or nervous, often resulting in restless behavior.