The article entitled "My Drug Probem" best reflects the economic idea that A. Pharmac, like private drug companies, attempt

Question

3 years ago

6

The article entitled "My Drug Probem" best reflects the economic idea that A. Pharmac, like private drug companies, attempt

to maximaize the revenue that they receive from selling drugs. B. scarcity implies competition over resources which implies that every society has to establish rules that ration the available or potential goods and services among its citizens C. markets are always the best way to allocate resources D. government health programs, such as Pharmac, do not have to make decisions or choices regarding the availability and/or distribution of medical treartments and drugs to its citizens

Business

1 answer:

Vinil7 [7] · Answer 1 · 2022-04-11T03:24:51+03:00

Answer: C. markets are always the best way to allocate resources

Explanation:

The aforementioned article juxtaposes the benefits of having a market system for drug purchases in the United States vs other countries where healthcare is planned by the government.

It presented facts to support the logic that having a private market based system for drugs like the United States, ensures that there is incentive to produce more efficient drugs because an appropriate price can be charged for it unlike in areas where drug budgets are planned and so there might be haggling over accepting expensive drugs as was the case in New Zealand with Herceptin.

This reinforced the belief that markets are always best for resource allocation.

The article entitled​ "My Drug​ Probem" best reflects the economic idea that A. ​Pharmac, like private drug​ companies, attempt

The article entitled "My Drug Probem" best reflects the economic idea that A. Pharmac, like private drug companies, attempt