When the FDA lifted restrictions of TV advertisements for prescription medication in 1997, How has the regulatory affected the market for pharmacuticals?
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When the FDA lifted restrictions of TV advertisements for prescription medication in 1997, How has the regulatory affected the market for pharmacuticals?
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- What are the potential benefits of reducing the availability of illegal drugs versus reducing the demand for such substances?Should price controls be imposed on life-saving drugs? Will consumers benefit or be harmed by this type of regulation?Why is pricing one of the most critical and complex decisions a pharmacy manager has to make?
- Should the FDA consider economic factors in new drug approvals?What are some ways drug use has changed from early times to modern times ? What are some predictors of increased or decreased drug use in society ?In the United States, most hospitals are non-profit, while nearly all pharmaceutical companies are for profit. Can you offer an explanation based on the consumer shopping problem?
- Discuss the kind of pressure the Health Maintenance Organizations (HMO) exerted on the price of drugs.Considering Healthcare price elasticity, would it be a good idea to implement a price increase on medical products?A medical reported that the consumption of this product has many health benefits Describe how does this would affect the market for the product.
- Identify the initial equilibrium price and quantity of the drug per day. Suppose the government imposes a price control at $1.50 a dose. How many doses are purchased after the price control is imposed?If a food product is found to be imminently hazardous, which of the following actions are not remedies that the FDA may pursue? A. Require a recall. B. Seek civil penalties. C. Seek criminal penalties. D. Force the dissolution of the offending company.How does its structure, conduct, and performance of the pharmaceutical industry impact patients?