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18 Apr 2018

In Japan, pharmaceutical prices faced by consumers

a.

are set equal to the price charged by manufacturers
b.

are set higher than the price charged by manufacturers
c.

are set below than the price charged by manufacturers
d.

none of the above

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Keith Leannon
Keith LeannonLv2
20 Apr 2018
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Principles of Economics
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Related questions

1. The market demand for soccer balls in a small town is 2,500 units and there are two rival sports brands selling soccer balls in this town: Sporty and Go! The products of the two brands are identical.

Refer to the scenario above. The demand for Sporty's soccer balls is 1,250 units if________.

A. the price charged by Sporty is equal to the price charged by Go!

B. the price charged by Sporty is higher than the cost of production of each ball

C. the price charged by Sporty is higher than the price charged by Go!

D. the price charged by Go! is higher than the price charged by Sporty

 

2. A monopolistically competitive firm ________.
 
A.faces a perfectly inelastic demand curve
 
B.loses all of its business if it increases price slightly
 
C.faces a perfectly elastic demand curve
 
D.can increase the price without losing all of its business
a price-discriminating monopolist will follow a system where:
 
A. Buyers with inelastic demand are charged higher prices than buyers with elastic demand
B. buyers with inelastic demand are charged lower prices than buyers with elastic demand.
C. all buyers are charged the same price regardless of their elasticity of demand.
D. the price of the product is held the same even if the demand changes.
Background image

What is the primary benefit to consumers of disintermediation?

A) Faster service

B) Lower costs

C) Higher quality

D) Greater choices

E) None, because disintermediation primarily benefits manufacturers.

 

 

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