https://www.ft.com/content/e92dbf94-d9a2-11e9-8f9b-77216ebe1f17
why do drug makers sometimes have
the article quotes economics professor William Lazonick as saying, “Either the purpose of a drug company and the people managing it is to take the profits and reinvest them. . . to do drug development. That I have no problem with. Or it is to distribute money to shareholders, which is in fact what they are doing.” How does Dr. Lazonick’s description of what drug companies are doing differently from the stated goals and actual practices of firms in other industries?
Describe the problem an oligopoly has with regards to the prisoner’s dilemma and the Nash equilibrium.
How does the situation in question 3 change with larger numbers of firms in the oligopoly or with a greater number of times the “decision game” is played?
Why do firms advertise?
How does
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