If It Is NOT Possible for a Pharmaceutical Drug Maker

question 312

Multiple Choice

If it is NOT possible for a pharmaceutical drug maker to sell its generic cholesterol reducing drug along with some name brand cholesterol reducing drugs, we have an example of monopoly due to

• A) ownership of key resources.
• B) governmental entry restrictions.
• C) economies of scale.
• D) pure competition.

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Definitions:

Economic History

The study of economies or economic phenomena in the past.

Aggregate Price Level

A measure of the overall level of prices of goods and services in an economy over a specified period, often used as an indicator of inflation.

Macroeconomics

The branch of economics that studies the behavior and performance of an economy as a whole, focusing on aggregate phenomena such as GDP, unemployment rates, and inflation.

Positive Question

A question concerning the way the world actually is (fact-based) rather than how it should be (value-based).