Monday, February 23, 2015

Ram Ch3 Q6

What I wanted to analyze was the Monopoly on Viagra and how the government has a firm grasp on the free market. One of the best ideas for monopoly is Viagra. It is so cheap to make with the ingredients only costing a couple of cents a pill, but Pfizer pumps up the prize per pill and stretches the market in there favor. Now the government protects this patent and has for 20 years, so Pfizer has no large competition before or after. Some other companies have a GIANT bone to pick with the government for this because it sucks so much money from society (males). Those companies say that it is not fair for Pfizer the keep the market under his control by his will. But Wheelan says that in a nut that if people made huge investments on new products from companies then those companies are subject to stiff competition and would not put work into creating a new product. Thus no one would innv

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