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Alek Hsiang Alek Hsiang
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4 years ago
Recall the Application about allegations that the makers of branded drugs made deals with generic drug makers once the patents expired on branded drugs to answer the following question(s).


Recall the Application. When a patent ends and generic drugs are introduced, there is:

▸ upward pressure on the price of the patent version of the drug.

▸ downward pressure on the price of the patent version of the drug.

▸ no pressure on the price of the patent version of the drug.

▸ no demand for the patent version of the drug.
Textbook 
Microeconomics: Principles, Applications, and Tools

Microeconomics: Principles, Applications, and Tools


Edition: 8th
Authors:
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#1
4 years ago
downward pressure on the price of the patent version of the drug.
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