6. According to The Wall Street Journal, the wholesale price of the generic drug fluoxetine (the generic

Question:

6. According to The Wall Street Journal, the wholesale price of the generic drug fluoxetine (the generic for Prozac) is

$3.60 per 100.

a. Given that the cost of dispensing them is about $5 to

$10 per prescription, how much would you expect the drug to sell for?

b. In 2008 a prescription for 100 tablets of fluoxetine was selling for $54 at DrugStore.com. It sold for similar prices at other pharmacies. What would you conclude about the market structure, given that information?

c. At pharmnet.com one could buy 100 fluoxetine tablets for $26. If this is true, what can we say about drug market imperfections?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Microeconomics

ISBN: 9780077501808

9th Edition

Authors: David Colander

See More Books

Question Posted: Oct 15, 2024 02:00 AM

See More Questions

For the purposes of this question, you should make the following assumptions (except where noted in the questions below): all tables provided D = 0.2 (both for Media General and the media companies...
List four basic financial statement analysis procedures, describe how you would calculate each procedure and discuss why you would use each procedure. In your initial response, please do not use...
The questions is in the first file (questions). 1. Valuate the company by using both the FCF and Residual Earnings method. I can ask you to present and discuss various ratios we have gone over as...
Magna Jets is a medium sized company that manufactures luxury goods for several well-known chain stores. In real terms, the company has experienced only a small growth in turnover in recent years,...
What is the difference between a programmer and a systems analyst?
A soft drink (mostly water) flows in a pipe at a beverage plant with a mass flow rate that would fill 220 0.355-L cans per minute. At point 2 in the pipe, the gauge pressure is 152 kPa and the...
6. According to The Wall Street Journal, the wholesale price of the generic drug fluoxetine (the generic for Prozac) is $3.60 per 100. a. Given that the cost of dispensing them is about $5 to $10 per...
Working backward to the balance sheet at the beginning of the period (Problems 42 through 44 derive from problems by George H. Sorter). The following data relate to the Prima Company. (1) Exhibit...
In the Middle District Court, how long after an attorney is hired does the attorney have to submit an Entry of Appearance? Where did you find the
5. Find a prescription drug that you, someone in your family, or a friend normally takes. a. What is the price you (they) pay for it? b. What is the lowest online U.S. price for that drug? (Costco is...
7. Why would a company want to sacrifice short-run profits to establish market position?
Some experts advise meeting with the employee who made the complaint to determine all relevant issues. For example, ask: What happened? Who was involved? Were there any witnesses? Then prepare a...
A student is in a stationary hot-air balloon that is momentarily fixed at 1325 ft above a piece of land. The pilot looks down 45 o (from horizontal) and turns laterally 360 o . Find: a) How many...
1. Sweet Corporation produces syrup which it sells to candy factories. On June 1 it started production of 10,000 gallons of syrup and completed production for 8,000 gallons. The costs of the...
Analyse organisational politics in terms of the following : Why they arise and exist;the consequences on organizations and the effective management thereof. Support your analysis with examples from...
> library(class) A > train.x-cbind(Lag1,Lag2) [train,] > test.x-cbind(Lag1,Lag2) [!train,] > train. > Direction-Direction[train] > set.seed(1) > knn. pred knn(train. x, test.x, train. Direction, k=1)...
Suppose that P(A) = 0.6, P(B) = 0.7, and that events A and B are independent a. Find P(AB) b. Find P(AUB) c. Are the two events A and B mutually exclusive? Give reason.
Consider the 20 observations collected on the number of errors in a string of 1000 bits of a communication channel given in Exercise 6-80. (a) Based on the description of the random variable and...
As you rewrite these sentences, replace the cliches and buzzwords with plain language (if you don't recognize any of these terms, you can find definitions online): a. Being a jack-of-all-trades, Dave...

6. According to The Wall Street Journal, the wholesale price of the generic drug fluoxetine (the generic

Question:

Step by Step Answer:

Microeconomics

Students also viewed these Business questions