Which of the Following Statements Is Correct? Once a Patent

question 63

Multiple Choice

Which of the following statements is correct? Once a patent expires:
I. monopoly profits increase.
II. deadweight loss is eliminated.
III. generic equivalents appear quickly.

• A) I and III only
• B) III only
• C) II and III only
• D) I and II only

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Definitions:

Behavior Modification

Behavior modification is the use of empirical and methodical techniques to change behavior, typically using reinforcement or punishment.

Progressive Relaxation

A method of reducing stress and anxiety by tensing and then relaxing each muscle group in the body sequentially, promoting physical and mental relaxation.

Positive Reinforcers

Stimuli that, when introduced after a behavior, increase the likelihood of that behavior being repeated in the future.

Operant Conditioning

An educational process that controls the potency of an action through the deliverance of rewards or the administration of punishments.