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bija089 [108]
3 years ago
12

Drug companies are allowed to be monopolists in the drugs they discover in order to

Biology
1 answer:
ch4aika [34]3 years ago
8 0

Answer:

allow drug companies to charge a price that is equal to their marginal cost

Explanation:

Drug companies are allowed to be monopolists in the drugs they discover in order to allow drug companies to charge a price that is equal to their marginal cost.

When a monopolist is able to sell its product at different prices to different customers, it is likely engaging in price discrimination. The practice of selling a product to different customers at different prices when marginal cost is the same is known as price discrimination.

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