A Powerful Computer Is Used to Develop New Drugs by Looking

question 7

Multiple Choice

A powerful computer is used to develop new drugs by looking at the molecular structure and chemical composition of target cells and creating substances that will bind to certain molecules, affecting their function inside the body. What is the term for this new technology?

• A) pharmacogenomics
• B) genometrics
• C) personalized medicine
• D) rational drug design
• E) genetic mapping

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Definitions:

Monopoly Profit-maximizing

The process by which a monopoly sets its output and price levels to achieve the highest possible profit, given its unique position as the sole seller of a product or service.

Government Failure

Situations where government intervention in the economy creates inefficiency, leading to a misallocation of resources or failure to achieve intended outcomes.

Rent Seeker

An individual or entity that seeks to increase their own wealth without creating new wealth, often by exploiting control over resources or manipulating regulations.

Rent-seeking Behavior

Activities aimed at increasing one’s share of existing wealth without creating new wealth, often through manipulation or exploitation of the economic environment.