Why are prices for pharmaceuticals higher in the us

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Reference no: EM13183345

1. What would be the short-term and long-term effects of restricting or removing patent protection of pharmaceuticals? Be sure to discuss prices, industry profits, and consumer welfare

2. Why are prices for pharmaceuticals higher in the United States than they are in other countries? Be sure to include a discussion of elasticity of demand.

Reference no: EM13183345

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