Fight Continues This Summer to Lower Prescription Drug Prices
Fight Continues This Summer to Lower Prescription Drug Prices
Description Details Attached Files (1)
Discipline Economics
Assignment type : Case Study
Description
- Why could U.S. pharmaceutical companies raise prices for prescription drugs? Comment on the market outcome in terms of market price, quantity, consumer surplus, producer surplus and deadweight loss. (hint: to simplify your analysis, you may assume a pharmaceutical firm to be a monopoly when analysing the market outcome.)
- Critically discuss how the price ceiling influences market price, quantity and the profit of U.S. pharmaceutical companies.
- Why do not those U.S. pharmaceutical companies like the proposal of importing prescription drugs? (Hint: consider about what happens to the market structure when the same medicine is allowed to be imported.)
- Explain how importing will influence the drug price.
- Explain how such price change influences the pharmaceutical companies’ profit, market efficiency and social welfare.
- Conclude your essay by commenting if you support the proposal?
Format MLA
Academic Level: –
Volume of 2 pages (550 words)
Type of service: Custom writing

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