Because the demand curve is downward sloping (i. e., consumers cut back on smoking when cigarette prices go up) the seller is not able to transfer the entire burden of the tax on to the consumers. indeed sellers and buyers (same thing as consumers) share the burden. let x% be the consumer's share of the burden and y% be the seller's share. then,

As the inventor of hypertension medication, onesure pharmaceuticals (osp) inc. was able to reap the benefits of economies of scale due to a large consumer demand for the drug. even when competitors later developed similar drugs after the expiry of osp's patents, regular users did not want to switch because they were concerned about possible side effects. which of the following benefits does this scenario best illustrate? a. first-mover advantages b. social benefits c. network externalities d. fringe benefits