Question
C. Assume that Drugs 'R Us produces Worrynomore at your suggested price and quantity. Based on your models (the equations you have been using) what
C. Assume that Drugs 'R Us produces Worrynomore at your suggested price and quantity. Based on your models (the equations you have been using) what will the profit be?
d. Drugs 'R Us follows your advice; they're very happy with your advice and give you a sizeable bonus. When you tell this to your friend, she asserts that the Drugs 'R Us "monopoly" is "bad for society." Why might your friend feel this way? What would you say in response to your friend?
e. There are some undesirable side effects of Worrynomore if it is not used correctly to treat hypochondriatus. What kinds of regulations can the government impose to minimize the occurrence of these side effects?
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