Which of the Following Is True Regarding Generic Drug Names

question 49

Multiple Choice

Which of the following is true regarding generic drug names?

• A) If there is a generic name, it is available generically.
• B) It is often called the "trade name" of the drug.
• C) All drugs have a generic name.
• D) It refers to less superior drug formulations.

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Definitions:

Equilibrium Price

The point in the market where the volume of goods available equals the volume of goods sought by buyers.

Maximum Imposed Price

Refers to a price ceiling, which is the highest legal price that can be charged for a product or service, typically set by the government.

Government

The organization or system through which a society or community is governed, typically consisting of various institutions and authorities.

Market

Any structure that allows buyers and sellers to exchange any type of goods, services, and information.