Which of the Following Statements Is FALSE Regarding Off-Label Use

question 114

Multiple Choice

Which of the following statements is FALSE regarding off-label use of a drug?

• A)About 20% of medications are prescribed for off-label use
• B)It occurs most often when doctors err in prescribing a drug.
• C)It occurs when a drug is approved by the FDA for one purpose and then prescribed for purposes not listed on the label.
• D)More than half of off-label prescriptions are made with ample evidence supporting such use,and it occurs most often when doctors err in prescribing a drug.

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Definitions:

Monopolistic Competition

An economic setup in which numerous firms offer products that are alike but not the same, enabling competition to revolve around quality, pricing, and promotional strategies.

Average Total Cost

The average cost per unit of output, calculated by dividing the total cost by the quantity of output produced.

Perfect Competition

A market structure characterized by a large number of small firms, a homogeneous product, perfect information, and free entry and exit, leading to price-taking behavior.

Long-Run Equilibrium

A state in which all firms in a market are earning normal profits, and there is no incentive for firms to enter or exit the market.