The drug company faces a demand curve given by y = 100 - 2p, therefore the corresponding

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The drug company faces a demand curve given by y = 100 - 2p, therefore the corresponding marginal revenue is 50 - y. Its total cost function is c(y) = 2y, and the marginal cost is 2. What are the output and price during and after the patent life? What are the corresponding consumer surplus and deadweight loss during and after the patent life

Posted Date: Jun 15, 2024 07:43 AM

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The drug company faces a demand curve given by y = 100 - 2p, therefore the corresponding

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