Getitall, the CEO of Gooddrug LLC claimed that in the US, drug companies should receive a patent of 100 years for each drug they develop. this allows them a prolonged Illegal monopoly on the sale of that drug, provide better incentives to innovate and help consumer pay stable prices. Jane, the FDA consultant strongly disagree with that statement. Give reasons related to consumers, patients, and the market to support Jane's claim
Getitall, the CEO of Gooddrug LLC claimed that in the US, drug companies should receive a patent of 100 years for each drug they develop. this allows them a prolonged Illegal monopoly on the sale of that drug, provide better incentives to innovate and help consumer pay stable prices. Jane, the FDA consultant strongly disagree with that statement. Give reasons related to consumers, patients, and the market to support Jane's claim
Chapter7: The Market For Health Insurance
Section: Chapter Questions
Problem 2QAP
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