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Economics: The Basics 1st Edition by Mike Mandel
النسخة 1الرقم المعياري الدولي: 978-0071316026Economics: The Basics 1st Edition by Mike Mandel
النسخة 1الرقم المعياري الدولي: 978-0071316026 تمرين 8
Suppose that a drug company spends $1 billion developing a new cure for cancer.
a) If it's successful, what is the private return from this innovative activity?
b) What is the social return from this innovative activity?
c) What is the risk from this innovative activity? (Hint: What could go wrong?)
a) If it's successful, what is the private return from this innovative activity?
b) What is the social return from this innovative activity?
c) What is the risk from this innovative activity? (Hint: What could go wrong?)
التوضيح
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موثّق
a)As the company is spending on developm...
Economics: The Basics 1st Edition by Mike Mandel
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