Maurice Tutor

(5)

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About Maurice Tutor

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Expertise:
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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 408 Weeks Ago, 3 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 16 Oct 2017 My Price 3.00

Patent for NoSmak.

Patent for NoSmak. A potential new drug, NoSmak, could cure lip-smacking with one dose, but research and development would cost $80 million. The monopoly profit (earned while a single firm produces the product) will be $10 million per year. After a patent expires, the original developer of the drug will have sufficient brand loyalty to earn $3 million per year for another 10 years. a. What is the shortest patent length required to induce a firm to develop the drug?

b. How would your answer to part (a) change if you ignore the profit earned after the patent expires?

Answers

Maurice Tutor
(5)
Status NEW Posted 16 Oct 2017 02:10 PM My Price 3.00

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