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Write an initial posting of at least 200 words in which you respond to the questions...

Write an initial posting of at least 200 words in which you respond to the questions below. After reading the postings of other students repond to the posting you found most informative. Write at least a 75 word posting in which you identify what you found information and why you believe it to be important to consider.  

Questions for the initial 200 word posting are as follows:

  • How would you describe the current market structure of the pharmaceutical industry?
  • Do you think that the typical drug firm possesses any market power based on market structure?
  • Why or why not?
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Answer #1

The Curutat plianm a ce u.li cal industr challenging Pesitien as it is Se rying o is in a gain back the tast this Pustolieh manape po iical lakgs cha llanges phamace utical industy manwfactines different types of medicines used to ovencome illne ss so tems potoduced ane essen tials elastici is less thanさmL , lAhen a neω edicine is developed, it Creates a mone atmasp Nees ns cannot develop Babstituter Rackl Thus frm has the PPertunity to sel high price and xploit estomers sit Pa s sing oa time eles e substitutes attive alrady been devele ped also prescbes the lested aned Thus inspite of arival of ubstitte s in th manket, mmanket pwer s efained There fore yaical dg n pessesses market Paven to seme extent due to its manket snichrre As the poducts au essentials it has a signi cont inpact an the welPa el the Society Manu ad them acc lile sau..ไ drug . ligh price of such medines a a tent dous land ship tで呱1 society. ThemAre Government of the econamy bups close u an such medicines Re tainung Quality f daua ie vey erieial Dr idelines acframed to ensure the Quality Nn-Cempliance awill be seubject to Sexious Paunishment and even cancellatien of l s nece is vend opten established based on Hue dest ot manu facturing thern· st the price becomes oli Chrcull to weduce, then gcucrment parovide Subsidy to lowen he puice hus licence Also close eye ssaan pice An appe ceiling m ay Porour pvice inspite of bauring manket Pawer, no firm can go on exploiting customers on Permanent basis

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