Most studies have shown that the initial stages of the pharmaceutical manufacturing process usually give rise to _________________ , while after the large fixed (sunk) costs are finally paid off, manufacturing of pharmaceutical products exhibits ________________________________.
A) economies of scale; diseconomies of scale.
B) diseconomies of scale; economies of scale.
C) constant returns to scale; diseconomies of scale.
D) economies of scale; constant returns to scale.
E) diseconomies of scale; constant returns to scale.
Correct Answer:
Verified
Q10: Economies of scale are a common feature
Q11: Phase I of FDA testing involves human
Q12: Once a firm has isolated and tested
Q13: On average, R&G expenses consume a larger
Q14: The proportion of expenditures paid out of
Q16: What does the term "detailing" mean in
Q17: When a retail pharmacy fills your prescription,
Q18: The earliest federal regulation of the pharmaceutical
Q19: One act passed by the federal government
Q20: The hierarchy of funds to the pharmaceutical
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents