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1.3 Price determination in a competitive market

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Question 45

Pharmaceutical wholesalers invest in new digital tracking systems and cold-chain storage facilities to enable them to maintain larger inventories of critical vaccines.

Other things remaining the same, this is most likely to result in

a reduction in the barriers to entry in the pharmaceutical distribution market.

a higher price elasticity of supply of these vaccines.

an increase in the demand for these vaccines.

diseconomies of scale for individual distributor networks.

1.3 Price determination in a competitive market Questions

  1. A Level
  2. /Economics
  3. /1.3 Price determination in a competitive market