4. What are the costs and benefits of the following scenario? a.) The government implements a price control for with price greater than $10,000 must be made available for only $2,000. any drug b.) The government offers a half billion prize to the first drug company that develops a vaccine for Coronavirus. c.) The FDA reduces the patent length for drugs to treat Alzheimer's disease from 17 years to 7 years, and all current natents for such drugs that are already more than 7 vears old

4. What are the costs and benefits of the following scenario? a.) The government implements a price control for with price greater than $10,000 must be made available for only $2,000. any drug b.) The government offers a half billion prize to the first drug company that develops a vaccine for Coronavirus. c.) The FDA reduces the patent length for drugs to treat Alzheimer's disease from 17 years to 7 years, and all current natents for such drugs that are already more than 7 vears old

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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