Your Perfect Assignment is Just a Click Away
We Write Custom Academic Papers

100% Original, Plagiarism Free, Customized to your instructions!

glass
pen
clip
papers
heaphones

Discussion: Monopoly of the Pharmaceutical

Discussion: Monopoly of the Pharmaceutical

Read the following directions and post an answer of at least two paragraphs (a minimum of 500 words). Be sure to use standard English in your answers, with appropriate punctuation (refer to the grading rubric). I am looking for evidence that you have read the response as well as what your opinion is on the topic. After you compose your response you will upload your posting using this tool.Once the deadline for the discussion topic is closed you will no longer have access to this tool.
The following articles address issues surrounding monopoly power. As noted earlier in the semester our economic system provides for patent protections (monopoly power). Enabling individuals to financially benefit from innovations is also balanced with a monopolist’s ability to raise the price of products beyond the ability for some to afford it, such as a diabetic needing insulin (an inelastic good)
Please review the following articles:

The benefits of monopoly power
https://www.economicshelp.org/blog/365/monopoly/benefits-of-monopoly-power/(Links to an external site.)
The downside of monopoly power
https://www.cbsnews.com/news/whats-so-bad-about-monopoly-power/(Links to an external site.)
Why pharmaceutical companies charge so much
https://www.theatlantic.com/health/archive/2019/03/drug-prices-high-cost-research-and-development/585253/(Links to an external site.)
1) Do you think that the large profits reaped by firms in the U.S. pharmaceutical industry provide the industry with sufficient incentives to innovate?

2)What type of action should the government take to soften the impact of monopolies?
3 When a pharmaceutical company comes up with a vaccine for the corona virus should there be a price ceiling imposed on the cost?

Order Solution Now

Our Service Charter

1. Professional & Expert Writers: Topnotch Essay only hires the best. Our writers are specially selected and recruited, after which they undergo further training to perfect their skills for specialization purposes. Moreover, our writers are holders of masters and Ph.D. degrees. They have impressive academic records, besides being native English speakers.

2. Top Quality Papers: Our customers are always guaranteed of papers that exceed their expectations. All our writers have +5 years of experience. This implies that all papers are written by individuals who are experts in their fields. In addition, the quality team reviews all the papers before sending them to the customers.

3. Plagiarism-Free Papers: All papers provided byTopnotch Essay are written from scratch. Appropriate referencing and citation of key information are followed. Plagiarism checkers are used by the Quality assurance team and our editors just to double-check that there are no instances of plagiarism.

4. Timely Delivery: Time wasted is equivalent to a failed dedication and commitment. Topnotch Essay is known for timely delivery of any pending customer orders. Customers are well informed of the progress of their papers to ensure they keep track of what the writer is providing before the final draft is sent for grading.

5. Affordable Prices: Our prices are fairly structured to fit in all groups. Any customer willing to place their assignments with us can do so at very affordable prices. In addition, our customers enjoy regular discounts and bonuses.

6. 24/7 Customer Support: At Topnotch Essay, we have put in place a team of experts who answer to all customer inquiries promptly. The best part is the ever-availability of the team. Customers can make inquiries anytime.