Answers

SR

Answered

​Once the patent for a drug in the pharmaceutical industry expires,the market for the generic equivalents

A) ​Is usually considered competitive
B) Is a monopolistic market
C) Has no effect on the profits earned by the original producer
D) ​Would not exist

On Sep 27, 2024


A
SR

Answered

Jim and Rob are partners in a consulting business. Jim's initial contribution was $30,000, Rob's was $20,000. Emily is a limited partner who contributed $10,000. The partnership also borrows $60,000 from Vancouver Credit Union. The partners agree that profits and losses will be shared in proportion to their capital contributions. The business fails. Jim pays the entire $60,000 debt to the Vancouver Credit Union. How much can he collect from Emily?

A) $60,000
B) $30,000
C) $20,000
D) $10,000
E) Nothing

On Sep 23, 2024


E