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- When the FDA lifted restrictions of TV advertisements for prescription medication in 1997, How has the regulatory affected the market for pharmacuticals?What are the potential benefits of reducing the availability of illegal drugs versus reducing the demand for such substances?Should there be one $/QALY for an entire country? How would you expect drug companies to react to price limits set by public programs?
- 13 2013200 P0004 Suppose that a new drug (A) has been approved to treat a life-threatening disease. The demand for that drug is shown on the accompanying graph by demand curve A Prior to approval of this drug, the only treatment for this condition was any one of several nonprescription, or over the counter, pain relievers. The demand for one brand of the several nonprescription pain relievers is also shown on the graph as demand curve B. Price 75 70 65 % 100 200 300 400 500 Quarsity At a price of $15 (the price at which the two demand curves intersect), the price elasticity of demand for the new drug is for the over-the-counter pain rellever the price elasticity of demandIn generic drug pricing what is the impact competitors and additional factors have on the results of the generic drug pricing strategies?Which drug type is expected to have a higher markup over cost? Brand name drugs Both have about the same markup Generic drugs
- Evaluate the impact competitors and additional economic factors have on the results of the generic drug pricing strategies. What factors contribute to the advantages and disadvantages of various pricing strategies?Considering Healthcare price elasticity, would it be a good idea to implement a price increase on medical products?When generic versions enter the market after the patent on a branded drug has expired The branded drug increases market share and price The branded drug increases market share and decreases price The branded drug decreases market share and increases price The branded drug decreases market share and decreases price