Answer Happy

Moderna is a pharmaceutical company. If it receives a
patent for a new medicine, which of the following will likely be
the result?
Group of answer choices
lower quantities of output than without the patent.
lower prices than without the patent.
reduced incentives for pharmaceutical companies to invest in
research and development.
a product that is priced higher than it would be without the
exclusive rights.
Flag question: Question 7
Question 71 pts
Three of these answers are examples of price
discrimination. Which one is NOT?
Group of answer choices
A theme park charges a lower price for a child's ticket
than for an adult's ticket.
A vocational school rebates part of the cost of tuition in
the form of financial aid for underprivileged students.
A local pizza chain offers a "buy three get one free"
deal.
An ice cream parlor charges a higher price
for ice cream than for sherbet.
Flag question: Question 8
Question 81 pts
Which of the following is true of a firm in an oligopoly?
Group of answer choices
firms in the industry have some degree of market power.
the actions of one seller have no impact on the profitability of
other sellers.
firms in the industry are typically characterized by very
diverse product lines.
products typically sell at a price equal to their marginal cost
of production.