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Supply and Demand - Pharmaceutical Industry

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Richard C

 

Date added:

March 27, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 1019

 

Was viewed:

652 times

 

Rating of current essay:

 
Essay content:

The type of drug and available substitutions generally drive the costs. In this paper, I will summarize a study, "How Increased Competition from Generic Drugs Has Affected Prices and Returns in the Pharmaceutical Industry" and relate the contents of this study to the economic theories described in the fifth edition of the book, Economics by David Colander ...
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The Chairman of the Senate Committee of the Budget authorized an analysis of the impact generic drugs had on brand-name drugs as a result of this act. The study had two objectives ? examine the extent to which competition has increased and how that competition has affected the returns from developing a drug (Cook, 1998)...
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