Figure 16-3 -Refer to Figure 16-3. Which of the Following Will Occur

question 53

Multiple Choice

Figure 16-3
-Refer to Figure 16-3. Which of the following will occur in the long run in this industry?

• A)Firms will exit this industry.
• B)Firms will enter this industry.
• C)This firm will continue to earn positive economic profits.
• D)This firm will incur losses.

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Definitions:

Manufacture

The process of making products on a large scale using machinery.

Distribution

The process of making a product or service available for the consumer or business user that needs it.

Physicians' Desk Reference

A comprehensive book containing information about prescription drugs, designed for health professionals to aid in prescribing medications.

Pharmaceutical Companies

Entities involved in the development, production, and marketing of medications.