-Merck,an American pharmaceutical company,produces a vaccination that is used against chicken pox.The table shows the domestic demand for,and supply of,this medication,measured in thousands of doses per day.The world price of this medicine is $24 per dose.
a.With no trade,what is the U.S.price and quantity of the vaccine?
b.At the world price,how many doses are demanded in the United States?
c.At the world price,how many doses are produced in the United States?
d.At the world price,how many doses are exported?
Definitions:
Informal Organization
The network of personal and social relationships that spontaneously form within an organization outside of its formal structure.
Corporate Form
A legal structure chosen for businesses that treats the company as a separate entity from its owners, providing limited liability and other legal protections.
Transferability of Shares
Refers to the ability of shareholders to sell or transfer their shares to another party, subject to the rules of the corporation and securities laws.
Ultra Vires
Acts performed by a corporation that are beyond the scope of its charter or legal authority.
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