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Use the figure below to answer the following questions.
Figure 13.4.6
-Prime Pharmaceuticals has developed a new asthma medicine, for which it has a patent. An inhaler can be produced at a constant marginal cost of $2 per inhaler. The demand curve, marginal revenue curve, and marginal cost curve for this new asthma inhaler are shown in Figure 13.4.6. The patent gives Prime Pharmaceuticals a monopoly for its new inhaler. If Prime Pharmaceuticals can perfectly price discriminate, then consumer surplus is
Rosebud
A type of torch tip used in welding and cutting applications, named for its rose petal-like flame pattern, commonly used for heating.
Forged Journal Cross
A forged journal cross is a component in the driveline of a vehicle, made through forging to achieve strength and durability, used to connect different shafts within the drive system.
Universal Joint
An assembly consisting of a trunnion cross and bearings that connects a pair of yokes for purposes of transmitting drive torque on an angled plane.
Trunnions
Trunnions are cylindrical protrusions used as a pivot or mounting point, commonly found in cannons, tanks, and heavy machinery for rotation or support.
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