After the Patent Runs Out on a Brand Name Drug

question 71

Multiple Choice

After the patent runs out on a brand name drug, generic drugs enter the market. What happens next in the market?

• A)Price increases, and total surplus decreases.
• B)Price decreases, and total surplus decreases.
• C)Price decreases, and total surplus increases.
• D)Price increases, and total surplus increases.

---

Definitions:

Job Analysis

Job analysis is the systematic process of collecting and examining information about the duties, responsibilities, necessary skills, outcomes, and work environment of a particular job.

Sales Management

The process of developing a sales force, coordinating sales operations, and implementing sales techniques that allow a business to consistently hit, or surpass, its sales targets.

Implementation Stage

The phase in a project where plans are executed, and strategies are put into action.

Salesforce Training

Educational programs or courses designed to teach users how to effectively utilize Salesforce, a leading CRM (Customer Relationship Management) platform.