Zelda Industries Is the Only Firm of Its Kind in the World.Due

question 18

Essay

Zelda Industries is the only firm of its kind in the world.Due largely to historical accident,it began producing streganomas in 1985 in a vacant warehouse.Virtually anyone with a degree in college chemistry could easily replicate the firm's formula,which is not patent protected.Nonetheless,since 1985 Zelda has averaged accounting profits of 6 percent on investment.This rate is comparable to the average interest rate that large banks paid on deposits over the period.Do you think Zelda is earning monopoly profits?
Why?

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Self-Attacking Disease

Autoimmune diseases where the body's immune system attacks its own tissues, mistaking them for foreign invaders.

Carcinogens

Substances or agents that are known to cause cancer by modifying cellular metabolism or damaging DNA directly in cells.

Overreacting Immune System

An immune response that is more intense than necessary, often causing damage to the body's own cells.

Behavioral Psychologist

A psychologist who focuses on understanding and changing behavior through learning principles and environmental influences.