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

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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