Drug Companies and Patents: The Games they Play

Description

After reading these articles:

  • Explain how a patent creates a kind of monopoly and what benefits a patent conveys to the owner.
  • Explain what happens in a market when patent protection for a technology runs out.
  • Explain the effects of pay-for-delay actions on producers and consumers.
  • Discuss whether pay-for-delay tactics should no longer be allowed, or should continue.Be sure to support your conclusion using economic arguments.

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