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Price Regulation in Pharmaceuticals

by | Mar 26

What role must government have in price regulation of prescription medications in a free market economy? Why must government play this role?

What role must government have in price regulation of prescription medications in a free market economy? Why must government play this role?

The role that governments play in regulating the prices of prescription drugs for their citizens differs from country to country. In some countries, governments enforce regulations and price controls to limit the amount that their citizens spend on prescription drugs as well as to control price increases while countries such as the United States have no …

This solution of 299 words discusses price regulation of pharmaceuticals in the United States. Reference used is included.

  

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