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Use the table below to answer the following questions) .
Dresden Pharmaceuticals has decided to go ahead and start clinical trials on a potential new drug. The total R&D costs are estimated to reach around $875,000,000 with clinical trials mounting to
$145,000,000. The current market size is estimated to be around 3,000,000 and is expected to grow at 4 percent every year. The market share Dresden hopes to capture in the first year is 7 percent, and is projected to grow by 25 percent each year for the next 4 years. A monthly
prescription is anticipated to generate revenue of $420 while incurring variable costs of $150. A discount rate of 8 percent is assumed.
-Which of the following years shows the first profit for Dresden's new drug?
Cell Phone Providers
Companies that offer services for mobile phone users, including voice communication and data services.
Media Concentration
The phenomenon where a small number of companies own and control a large share of mass media outlets, leading to potential issues with diversity and objectivity in information.
Deregulation
Reduction or removal of government controls from an industry to allow for a free and efficient marketplace.
Telecommunications Act
Legislation that regulates the telecommunications industry, aiming to foster competition and reduce regulatory barriers.
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