Question : 31) The 10-year protection period from generic competition for drug : 1244630

 

 

31) The 10-year protection period from generic competition for drug manufacturers is a form of

A) copyright.

B) trademark.

C) hallmark.

D) patent.

 

32) Network externalities

A) can only exist when there are economies of scale.

B) prevent the dominance of a market by one firm.

C) exist when the usefulness of a product increases with the number of consumers who use it.

D) are created when celebrity endorsements of products lead to a surge in the demand for those products.

 

33) What type of protection does U.S. law grant the creator of a book, film or piece of music?

A) A public franchise, which grants the exclusive right to use the creation during the author’s lifetime and to his or her heirs for 70 years after the author’s death.

B) A copyright, which grants exclusive rights to the creation’s author for 20 years after the work is created.

C) A patent, which grants the exclusive right to use the creation during the author’s lifetime and to his or her heirs for 70 years after the author’s death.

D) A copyright, which grants the exclusive right to use the creation during the author’s lifetime and to his or her heirs for 70 years after the author’s death.

34) The International Nickel Company of Canada is often cited as an example of monopoly. What was the source of the barrier to entry that gave this firm monopoly power?

A) It was a public enterprise; therefore, the Canadian government blocked entry into the market for nickel.

B) There were important network externalities in the production of nickel.

C) Economies of scale resulted in the company becoming a natural monopoly.

D) control of a key resource

 

35) The International Nickel Company of Canada is often cited as an example of monopoly, but International Nickel eventually lost its monopoly. What event was responsible for this?

A) New technology allowed other firms to achieve network externalities after World War II.

B) The Canadian government, which had owned International Nickel, sold the company after World War II. The government no longer blocked entry into the market for nickel.

C) Competition in the market for nickel increased after nickel fields were developed in Russia after World War II.

D) Competition in the market for nickel increased after Canada signed the North American Free Trade Agreement with the United States and Mexico in 1994.

 

36) In the United States, barriers to entry in professional team sports (for example, football and baseball) result from

A) the draft of college players, which grants teams exclusive signing rights to individual players.

B) long-term leases teams sign for stadiums and ballparks in major cities.

C) television contracts, which give networks the exclusive rights to broadcast games.

D) the reserve clause, which is a provision in contracts of professional athletes that require them to play for specific teams over the length of their contracts.

 

37) The De Beers diamond mining and marketing company of South Africa became one of the most profitable and longest-lived monopolies in history. Which of the following has always threatened De Beers’ control of the diamond market?

A) Since few diamonds are ever destroyed, De Beers has constantly faced possible competition from other firms reselling diamonds.

B) Competition from imitation diamonds. Technology has made it possible to make fake diamonds look exactly like real diamonds.

C) Competition from other gemstones, including rubies and emeralds, that have become more popular over time.

D) At different times in the past some countries have banned the importation of diamonds from South Africa for political reasons.

 

38) BHP Billiton is a Canadian company that owns mines in Canada that

A) produce nickel. After World War II, BHP Billiton began to compete with another Canadian firm, the International Nickel Company. This competition eventually ended International Nickel’s monopoly in this market.

B) produces bauxite, the mineral needed to produce aluminum. BHP Billiton began to mine bauxite after World War II. This competition eventually ended the Aluminum Company of America (ALCOA)’s monopoly in this market.

C) produces coal. Until World War II, BHP Billiton had a monopoly on coal in Canada.

D) produce diamonds.

 

39) After having a monopoly in the diamond market for many years, by 2000 the De Beers company faced competition from other companies. To maintain its market share, De Beers

A) began buying so-called “blood diamonds” in order to keep these diamonds out of the control of other diamond companies.

B) adopted a strategy of differentiating its diamonds. Each of its diamonds is now marked with a microscopic brand.

C) bought diamond mines in Canada and Russia that had been its competitors.

D) lowered the prices of its diamonds to make the market appear less profitable to potential competitors.

 

40) Some economists argue that Microsoft become a monopoly in the market for computer software by developing MS-DOS, an operating system used for the first IBM personal computers. The more people who used MS-DOS-based programs, the greater the usefulness of a using a computer with an MS-DOS operating system. The explanation for Microsoft’s monopoly is

A) the development of new technology that other firms could not copy.

B) control of a key resource which, in this case, is the MS-DOS operating system.

C) network externalities.

D) patents Microsoft obtained when it developed the MS-DOS operating system.

 

 

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more