Pharmaceutical companies are often accused

Reference no: EM13831517

Monopoly. Pharmaceutical companies are often accused of exploiting the sick and vulnerable to earn huge profits on their patented drugs, because the physical cost of producing these drugs are only a fraction of the ultimate price consumers pay. A. What accounts for the large difference between the production costs and price? B. Outline the pros and cons of patents in the pharmaceutical industry.

Reference no: EM13831517

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